Chapter 106: , Issue bond 2


   Ferdinand nodded, he knows the situation, I am afraid it will be worse than the Ministry of Finance estimated! There is no joy or anger to say: "Well! I know, the royal family will take the lead in buying five million levs, and you can only figure out the rest for the rest!!!"
  ……
  Leaving the palace, Kennedy's mood suddenly improved a lot, and he won the support of Grand Duke Ferdinand. The first batch of bonds sold for one-tenth before they went public.
   With the leading role of the royal family, why should the capitalists also show it, and then call on the people to buy, and more than half of the domestic sales can be made, so the subsequent sales pressure will be much less.
   In fact, the news that the Bulgarian government wants to issue bonds has already spread. That is to say, most of the world is still in an economic crisis, which has restricted the energy of many consortia, otherwise it would have been sharpened.
   Kennedy didn't expect the scene to appear. After the invitation letter from the Ministry of Finance was sent out, most banks ignored it. Is everyone busy shearing wool now?
   Ordinary commercial bonds, how much profit is, besides, the economic situation is not good now, who can I sell to? If you pay for it yourself and have the funds, why not buy it?
   There are far fewer banks participating in the competition for agency qualifications than expected, and none of the major international banks have come.
   The Ministry of Finance is embarrassed at this moment. Although there are a dozen banks in name, the top three are actually local banks in terms of strength. These three are very face-saving, and they are all presidents! !
   are: Karl from the Royal Bank of Bulgaria, Victor Ivanov from the Bulgarian Federation of Industry and Commerce, and Nicholas from the National Bank of Bulgaria.
   There is no doubt that the first two are Ferdinand’s properties, but the first is public, and the second is hidden!
   In order to show the importance of this tender, Prime Minister Constantine also came to the scene in person. He was also dumbfounded, not to mention the bidding, that is, all the banks that came to add together, can eat the first batch of debt, thank goodness! !
   In desperation, he can only turn his attention to the Minister of Finance, hoping that he will have a solution. Constantine asked in a low voice, "Kennedy, what should I do now? Where did these banks come from? How come I have never heard of it!!"
Kennedy smiled bitterly and said: "Not only you have never heard of it, I have never heard of it!! I said it well before, who knows how the group of vampires suddenly stopped coming!! Or, instruct the National Bank to come forward Go to the bottom? Anyway, let's pass this test first, let's keep the credibility of the government!"
Constantine was silent for a while, and then said fiercely: "In this case, it's all the same anyway, and there is no need to continue the negotiation. Let's just announce our conditions!! Whether you want to do it, you can't count on it anyway! "
   Kennedy gritted his teeth and said: "Okay, just do it! The subscription amount is less than 5 million Levs, all of them will be eliminated, I will not wait for you!!!"
  ……
   Secretary Kennedy, who was in a bad mood, directly grabbed the chair of the host and said straightforwardly: "Welcome everyone, come to participate in the Bulgarian government bond agency qualification bidding meeting today!!
   The relevant information has been sent to you before, so I won’t say more! To obtain the agent qualification is very simple, as long as the following three items are met:
   First, the bank that sells as an agent shall have a guaranteed minimum sales amount of not less than 5 million levs each time, and pay the debt funds to the Ministry of Finance in advance;
  Second, agency fees, within 5 million you withdraw 1.5%, 5 to 10 million, you withdraw 2%, and so on, for every additional 5 million, the handling fee increases by 0.5%, and the maximum is 3%;
   Third, other aspects shall be implemented in accordance with international practice. If in doubt, the two parties shall negotiate and resolve! "
   As soon as Kennedy's voice fell, the pot exploded below. Where is this negotiation? It has been determined. Isn't this treating everyone as monkeys?
   The guaranteed bottom sales are a little higher, that's all, this is a big deal with a few banks, and it can still be done.
  The problem is that the rates are too bullying, and the international handling fees are around 2.5%. According to Kennedy's requirements, the vertical rate, the agency of 30 million lev debts, and the combined fee will only be 2.5%.
   Of course, the profit is more profitable if it exceeds this number. If it is lower than this number, it will naturally lose money. It's like telling everyone clearly, don't come if you don't have the strength.
   Now these small banks, even if they want to unite, they can’t do it. The average share is over 5 million each. I didn’t prepare in advance, and I ate so much at once. Once something happens, it might be finished.
   Don’t think that the 2.5% handling fee is very high. You have to know that the exchange rate in the 19th century was not low. After being sold all over the world, the operating cost of this series of operations is not low.
   Only banks can do business like this. If other people do it, the exchange rate alone will cost you!
"Mr. Kennedy, is your decision such a condition too excessive? It is impossible for us to accept it!! Is your Bulgarian national debt a joke? UU reading www.uukanshu.com to amuse everyone?" Klin The bank representative couldn’t sit still, and said mockingly
Kennedy was not angry, and said with a smile: "This gentleman has been worrying too much. Isn't the conditions set by us in Bulgaria intended to choose a strong partner? If you are unable to undertake it, leave the opportunity to a strong bank. Well!"
   After listening to Kennedy's words, the representative of Klin Bank replied angrily: "Humph! In that case, then we will leave!"
   After speaking, he left without knowing his head, and even left the meeting with the representatives of several other small banks.
   The scene has become more embarrassing, but Kennedy does not regret it. You have to know that cooperating with these small banks is very risky. If you accidentally run out of money, where can you find it? ?
   Now there are only three Bulgarian local banks left, and everyone is considered old acquaintances. Constantine was not afraid of losing face, and walked straight out from behind.
   "Three, you have all seen, the outsiders have all gone! Now everyone is old acquaintances, the next question will get rid of you!!" Constantine said as he bowed to the three
   Yes, even Old Karl is a little dumbfounded, co-authoring is shameless! We didn't even make a statement, so we threw all the 50 million debts to us.
Carl glanced at the other two who were being forced, knowing that he still had to go out on his own, and said with a signature smile: "Since your Excellency is so worthy of us, then the three of us will eat together. Ten thousand bonds sold out!"
   "Mr. Carl is really arrogant enough, then this batch of debts will be handed over to the three!" Constantine said excitedly
  
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