Xinyuan Real Estate (XIN) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Xinyuan Real Estate Co., Ltd. has successfully amended the terms of its 3.0% senior notes due 2027, with 88.55% of note holders consenting to waive the cash interest payment requirement for a specified period and to forgive any related defaults. This adjustment allows the company to accrue interest as payment-in-kind rather than in cash for the time being. The change is effective following an agreement with Citicorp International Limited, the trustee, to amend the indenture accordingly.
For further insights into XIN stock, check out TipRanks’ Stock Analysis page.