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China’s Xinyuan Real Estate calls 13¼% senior notes due 2018
New York, Sept. 14 – Xinyuan Real Estate Co., Ltd. will redeem its $183 million of 13¼% senior notes due 2018 on Oct. 18, according to a company announcement.
The issuer will repay the notes at 106.625% of par plus accrued interest up to but excluding the redemption date.
Funding for the redemption will come from the issuer’s $300 million of 8 1/8% senior notes due 2019 that was priced on Aug. 24.
Xinyuan is a Beijing-based real estate developer and property manager, with properties primarily in China.
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