by Amruth Sundarkumar | Jul 21, 2021 | China, Distressed / Defaulted Bonds
The court-appointed restructuring administrator for the Tsinghua Unigroup has asked for halting trading of all existing bonds of the distressed chipmaker as the restructuring progresses as reported by Bloomberg. The creditors to the group, backed by Tsinghua...
by Amruth Sundarkumar | Jul 14, 2021 | China, Distressed / Defaulted Bonds
Tsinghua Unigroup is reported to be selling its stake in Unisplendour, a cloud computing firm of which it holds 46.5%. Reuters cited sources that Alibaba and several Chinese state-backed firms are planning to bid for the stake. Unigroup is planning to use proceeds...
by Amruth Sundarkumar | Jul 8, 2021 | China, Distressed / Defaulted Bonds
Tsinghua Unigroup’s dollar bonds have recovered ~30% in over a month with Bloomberg reporting that traders believe a state rescue might be coming. Even with the rally, their bonds are still trading at distressed levels in the 40s. Its peer Peking University Founder...
by bondevalue | Mar 22, 2021 | China, Distressed / Defaulted Bonds
Offshore bondholders of China’s Tsinghua Unigroup, the chipmaker that defaulted on local bonds last year, are seeking a freeze on the company’s foreign assets to prevent the sale of those assets to prioritize payments to local bondholders. The company’s...
