Xinyuan eyes exchange offer for three series of notes due 2023, 2024

By William Gullotti

Buffalo, N.Y., June 8 – Xinyuan Real Estate Co., Ltd. intends to open exchange offers for outstanding principal amounts of three series of senior notes due 2023 and 2024, according to a company announcement on Thursday.

Xinyuan intends to extend exchange offers for the:

• $257.83 million outstanding of its $300 million 14½% senior notes due 2023 (ISIN: XS2176792658);

• $262.7 million outstanding of its $270 million 14% senior notes due 2024 (ISIN: XS2290806954); and

• $139,341,000 outstanding of its $205,401,000 14.2% senior notes due 2023 (ISIN: XS1943449022).

Further details regarding the offer were not disclosed in the announcement.

Xinyuan is a Beijing-based real estate developer and property manager with properties primarily in China.

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