China’s Xinyuan Real Estate renews repurchase program for notes

By Rebecca Melvin

New York, Jan. 22 – Xinyuan Real Estate Co. Ltd. announced that it plans to repurchase up to $50 million of its outstanding senior notes, according to a company news release.

The program went into effect Jan. 20 and is valid through Dec. 31, 2021, replacing a repurchase authorization program that expired Dec. 31, 2019.

The company will opportunistically continue to repurchase bonds while maintaining ample liquidity, selecting paper based on price, timing and other considerations, according to the release.

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

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