Tsinghua Unigroup defaults again

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 Tsinghua Unigroup, which was planning to build a DRAM fab, is to default again on a second debt obligation, reports the Nikkei. Last month Unigroup defaulted on a $199 million onshore bond. Now it has defaulted again on on $2.5 billion of offshore bonds after failing to repay a $450 million Eurobond, Yesterday, Tsinghua said “payments …

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