交易简报 | 富而德助力新紫光集团成功完成20亿美元担保债券重组

富而德律师事务所（“富而德”）为新紫光集团有限公司（“新紫光集团”）成功重组由紫光芯盛有限公司（清算中）发行的约20亿美元担保债券提供法律服务。重组于2026年7月30日生效。

Freshfields has advised Tsinghua Unigroup Co. Ltd. (“TUC”) on the successful completion of the restructuring of approximately US$2 billion in guaranteed bonds issued by Tsinghua Unic Limited (In Liquidation). The Restructuring Effective Date was designated as 30 July 2026.

自2020年以来，富而德持续就此项历时数年的复杂重组程序为新紫光集团提供法律服务，充分彰显了本所在处理复杂债务重组和金融工具方面长期积累的深厚经验。

Freshfields has been advising TUC on this complex, multi‑year restructuring process since 2020, reflecting the firm’s long‑standing and sustained experience in handling complex debt restructuring and financial instruments.

此次重组通过《2004年英属维京群岛商业公司法》（经修订）第179A条项下的安排计划（“安排计划”）实施，涵盖由紫光芯盛有限公司发行并由新紫光集团提供无条件且不可撤销担保的三笔担保债券：

• 2021年到期担保债券：10.5亿美元、票息4.75%

• 2023年到期担保债券：7.5亿美元、票息5.375%

• 2028年到期担保债券：2亿美元、票息6.50%

The restructuring was implemented through a Scheme of Arrangement under section 179A of the BVI Business Companies Act 2004 (as amended) (“the Scheme”), encompassing three series of guaranteed bonds issued by Tsinghua Unic Limited and unconditionally and irrevocably guaranteed by TUC:

• US$1.05 billion 4.75 percent. Guaranteed Bonds due 2021

• US$750 million 5.375 percent. Guaranteed Bonds due 2023

• US$200 million 6.50 percent. Guaranteed Bonds due 2028

完成通知于2026年7月29日发出，确认所有重组条件均已获满足，相关清算系统中的结算标记也将被关闭，以便筹备和完成安排计划项下拟进行的交易。

The Completion Notice, issued on 29 July 2026, confirmed the satisfaction of all restructuring conditions and triggered the closing of settlement flags in the relevant Clearing Systems to allow for the preparation and consummation of the transactions contemplated under the Scheme.

服务此项目的富而德专业法律团队由合伙人管冰轩牵头领导。合伙人钟津翰和安鼎翔、资深律师黄诗杰、穆楠以及律师David Bor提供支持。

The Freshfields team was led by partner Bing Guan with support from partners John Choong and Dan Anderson, senior associates Niklas Wong and Nancy Mu and associate David Bor.