Xinyuan Real Estate Co., Ltd.'s China Subsidiary Completes Issuance of First Tranche of Non-Public Onshore Corporate Bonds in China

BEIJING, Oct. 10, 2016 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") XIN, an NYSE-listed real estate developer and property manager primarily in China and recently in other countries, today announced that Xinyuan (China) Real Estate, Ltd. (the "Issuer"), the Company's wholly-owned subsidiary that targets the development of residential properties in China, has received approval from the Shanghai Stock Exchange to issue up to RMB4.0 billion (approximately $600 million) non-public onshore corporate bonds (the "Bonds") to qualified investors in tranches.

The Issuer recently completed the issue of the first tranche of the non-public onshore corporate bonds (the "First Non-Public Tranche Bonds") of RMB1.5 billion (approximately US$225 million) with a coupon rate of 7.5%. The First Non-Public Tranche Bonds have a term of three years. The Issuer has the right to adjust the coupon rate and the investors have the right to require the Issuer to repurchase the First Non-Public Tranche Bonds at the end of the first year and the second year. Zhong De Securities and China Securities Co., Ltd. are the underwriters for this bond issue.

The Bonds have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell the Bonds, nor a solicitation for an offer to purchase the Bonds in the U.S. or any other jurisdiction.

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real estate developer and property manager primarily in China and recently in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

Safe Harbor Statement

Certain statements in this press release constitute "forward-looking statements". These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements includes statements about potential issuances of the Bonds, among others. No assurance can be given that the Bond issuances will be completed at all. Completion of the Bond issuances and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2015. Except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statement is made.

For more information, please contact:

Xinyuan Real Estate Co., Ltd.
Ms. May Shen
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

ICR, LLC
Investors:
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
Email: William.zima@icrinc.com

Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com

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SOURCE Xinyuan Real Estate Co., Ltd.