Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 14.5% Senior Notes Due 2023

prnewswire | September 18, 2020

Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 14.5% Senior Notes Due 2023
Xinyuan Real Estate Co., Ltd. , an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced the completion of its offering of US$300 million in aggregate principal amount of 14.5% senior notes due 2023 (the "Notes"). The Notes are listed on the Singapore Exchange and were issued at the price of 100% plus accrued interest. The notes bear interest at a rate of 14.5% per annum.   The Notes are guaranteed by certain of Xinyuan's subsidiaries and secured by a pledge of the capital stock of certain of Xinyuan's subsidiaries. Xinyuan intends to use the proceeds from the Notes offering to refinance certain offshore existing indebtedness and for general corporate purposes.

Spotlight

The Patient Protection & Affordable Care Act (PPACA), commonly referred to as The Affordable Care Act and otherwise known as "Obamacare", was signed into law in 2010 and became effective January 1, 2014. As a result, the United States can expect to see an accelerated demand for an increased investment in the commercial real estate, especially medical office buildings. What winning strategies are investors adopting in response to healthcare reform?

Spotlight

The Patient Protection & Affordable Care Act (PPACA), commonly referred to as The Affordable Care Act and otherwise known as "Obamacare", was signed into law in 2010 and became effective January 1, 2014. As a result, the United States can expect to see an accelerated demand for an increased investment in the commercial real estate, especially medical office buildings. What winning strategies are investors adopting in response to healthcare reform?

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