Dec 11 2020, 4:40 AM
December 10 2020, 7:22 AM
December 11 2020, 4:40 AM
(Bloomberg) China will almost certainly let a high-flying chipmaker default on $2.5 billion worth of dollar debt, the strongest signal yet that foreign investors shouldnât count on Beijing to bail them out.
(Bloomberg) China will almost certainly let a high-flying chipmaker default on $2.5 billion worth of dollar debt, the strongest signal yet that foreign investors shouldnât count on Beijing to bail them out.
Tsinghua Unigroup Co. said it wonât be able to repay the principal on a $450 million dollar bond due Thursday, which would trigger cross defaults on a further $2 billion of debt. This would be the companyâs first dollar bond repayment failure and came after it defaulted on a 1.3 billion yuan ($199 million) local bond last month.
Why China s Debt Defaults Are More Alarming This Time washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.