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China’s Xinyuan partially repurchases notes due 2023, 2021
By Taylor Fox
New York, Feb. 8 – Xinyuan Real Estate Co. Ltd. repurchased $38.5 million of its $300 million 14½% senior notes due 2023 (ISIN: XS2176792658) and $25 million of its $300 million 14.2% senior notes due 2021 (ISIN: XS193449022) on Feb. 5, according to a company announcement.
Following the repurchase, $260.5 million of the 2023 notes remain outstanding and $229 million of the 2021 notes remain outstanding.
Xinyuan is a Beijing-based real estate developer and property manager with properties primarily in China.
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