Published on 4/25/2013 in the Prospect News Emerging Markets Daily.
New Issue: China's Xinyuan Real Estate prices $200 million notes due 2018 at par to yield 13¼%
By Christine Van Dusen
Atlanta, April 25 - China's Xinyuan Real Estate Co. Ltd. priced $200 million five-year notes (/B+/B+) at par to yield 13¼%, a market source said.
Barclays, Morgan Stanley and BofA Merrill Lynch were the bookrunners for the Regulation S deal.
The issuer is a Beijing-based real estate company.
| Issuer: | Xinyuan Real Estate Co. Ltd.
|
| Amount: | $200 million
|
| Maturity: | May 3, 2018
|
| Description: | Notes
|
| Bookrunners: | Barclays, Morgan Stanley, BofA Merrill Lynch
|
| Coupon: | 13¼%
|
| Price: | Par
|
| Yield: | 13¼%
|
| Call features: | Callable May 3, 2016
|
| Trade date: | April 25
|
| Settlement date: | May 3
|
| Ratings: | Standard & Poor's: B+
|
| Fitch: B+
|
| Distribution: | Regulation S
|
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