Chapter 179: Capital (4)

As a result, the tens of billions of dollars in bonds, even the Chinese government, should not be tolerated in a year when the fiscal deficit is low. China ’s national debt issuance is only about 1,000 yuan, which is calculated at the exchange rate against the United States in that year, but it is only just over ten billion. US dollars.
In the year with a large number of issuances, that is, 6,000 yuan, it is usually divided into several or even dozens of issues. The total amount of bonds each time will never exceed 10 billion US dollars.
Needless to say, Russian and Mexican bonds that are more risky. And as corporate bonds, even Coca-Cola and General Electric, there is little chance of selling tens of billions of bonds.
Pfizer's annual operating income is tens of billions of dollars, and the bonds issued are still inadequate, not to mention the new company established by Huang Xuan. However, this is not an absolute matter. In many cases, whether the bonds can be sold is the issuing company. Things. Goldman Sachs, for example, is the prestigious bond operation predator on Wall Street.
Therefore, when Rubin proposed to help sell $ 100 bonds, Huang Xuan also believed that it was absolutely impossible.
Of course, the odds are really low.
Rubin took a sip of laughter and put it on the table, wiping his hands with a cloth, saying: "The bond interest is 9.5%, and Citi charges a total fee of 5%."
5% is US $ 5, plus interest, the first year will cost US $ 1.5 billion. If the account is paid, you will have to pay half of it. This money is too good to make some money.
Huang Xuan looked at Rubin suspiciously. The return rate of 1.5 billion US dollars, which is almost half of his assets, is likely to fail to reach this level, so he will naturally be unable to pay interest. This made him a little unbelievable: "Citi is not worried that I can't afford it?"
Rubin smiled and threw the tablecloth on the table, saying: "Your patent should be put in Citi's safe deposit box."
In other words, he believes that Huang Xuan has BD patents worth at least US $ 7 billion.
If it is 6 years later, this is natural. After all, these patented technologies include the profits of BD, and they are a comprehensive technology in the next 20 years. Among them, patented technologies such as coatings can be used in other industries, but they are now valued at 7 billion dollars with adventurous spirit. This is enough to buy a decisive stake in a multinational company.
If Huang Xuan is to make his own valuation, it is actually only about two or three billion dollars, and patents can only be patents, especially when a standard has not yet become popular. The price of the patent will be greatly discounted, if according to Sony's estimate, it will be BD after 6 years: ;;. At that time, the interest of 70 dollars was 4 billion, and how to add value. It is also meaningless.
Huang Xuan couldn't understand Rubin's ideas, just like Rubin couldn't see how Huang Xuan got these patents, but in the eyes of Americans, the Chinese mystery seemed to be innate, even in the Central Intelligence Within the bureau. Many people will not understand. The difference between Chinese officials and state-owned enterprises.
As a member of the Huang family. Of course, Huang Xuan has the capital of officials and businessmen, in fact. Before Huang Xuan's trip to the United States, he did not consider the origin of these BD technologies. Whether it is the Sifang Group or the XX Institute, it can be a perfect solution, but Huang Xuan deliberately did not do so.
A layer of fog, plus a little distance, will increase the temptation for American companies.
In other words, Americans are actually extremely envious of certain red-top companies in China, just like today ’s Chinese, when talking about diamond mines in South Africa, and about oil wells in Saudi Arabia, they generally have saliva. .
Rubin looked a little hungry. The 70-year-old man still had an appetite. He ate two small sausages and drank table wine. He smiled and said, "How is Mr. Huang thinking?"
Huang Xuan picked up the wine glass and looked at the enlarged bonfire across the glass. After waiting for a long time, he said, "I can't pay 1.5 billion dollars."
"You can get 9.5 billion US dollars in cash, and interest can be paid from half a year later: 80 million US dollars will be paid each month in the future, of course, here .: Banner."
This is an extremely altruistic clause, but the point is that Citi can provide so much money, Huang Xuan really can't think of any other financial institution that dares to boast such a large Haikou.
As long as he nodded, Xie Hao could get the $ 4 billion in his hand, moved it, and then calmed down, rubbing the edge of the cup and saying, "It's tempting, but I can't afford the money. . "
Rubin glanced at Huang Xuan hardly, and was quite surprised. Still a young man who looks silly, but he is very able to bear his temper. In fact, let alone a young man, he is a long-time shopping mall. Hearing a $ 100 bond, this time, he should be a little dizzy. Right. Think about it, as long as you nod your head, you can immediately
The temptation of the operator of 100 million assets is really not small.
However, he had miscalculated Huang Xuan. Compared with most people who could not manage Kim in his lifetime, Xiao Huang's mentality was naturally different. He made a simple version of the sandwich for himself and bit it down while chewing. While thinking.
Even within the Huang family, Huang Xuan received the most business education. Zhang Xinyi took Huang Xuan through the company since childhood. At that time, Sifang Group was still a small company. After so many years, when Huang Jiada When most of the children are focused on how to rely on the intrigue and strip out more benefits from the Huang's fund, the Sifang Group has become a new flagship.
Zhang Xinyi has paid attention to cultivating Huang Xuan's sensitivity in numbers, economy and business since she was a child. In her view, if there is no accident, when Huang Xuan inherits his family business, he no longer needs to know how a factory should produce, a trade How should such a problem be carried out? For a group with more than $ 1 billion in assets, the highest level of attention should be issues such as how to make money or how to operate it.
In this respect, Huang Xuanxue's performance is quite good, inversely proportional to his school results.
Rubin stared at Huang Xuan, who seemed to be completely unaware of it. He put the glass on his mouth without a bit of water on his lips. It looked as if he was stupefied.
Huang Xuan turned crazy in his head.
Who can pay $ 100?
No Sony, no Toshiba, but a Japanese consortium led by Mitsubishi? Their relationship with Citi is very subtle, at least not yet helping Citi earn $ 5 in interest.
Hollywood film source? Huang Xuan blinked negatively, and Warner couldn't get 10 billion US dollars in cash. He looked around casually for a week, and suddenly saw Bunker, the president of Bank of America, standing outside the line of sight, watching here.
Is it a financial institution? Huang Xuan looked up and looked at Rubin. Only major financial institutions would be happy to buy tens of billions of dollars of bonds, because for them, the risk of collateralized bonds is not very high, and the yield is obviously very good. Satisfied and suitable for hype.
Thinking of this, Huang Xuan looked at Rubin with a dazzling look and said, "Mr. Minister, making money on both sides is not the style of a world-class financial institution."
Rubin was about to fork a piece of roasted red meat. Hearing Huang Xuan's words, he jumped in at once, and he grinned reluctantly: "Why would Mr. Huang say this?"
"Mr. Rubin, I am familiar with Mr. Miley Wither, and inadvertently thought of such a possibility. If a hedge fund for arbitrage in the market used financial leverage to buy my bonds, in fact, he only You can get these bonds from the bank with a deposit of 1 billion or even 5 dollars. Then, you can put them on the market or store them in a safe ... "
Huang Xuan didn't go on with it, because the next content must be something Citi would not want to hear. If Rubin really did this, Citi would do nothing, except to provide financial leverage—which is almost daily in nature—even without risking any risk, he earned $ 5. As for interest, who Hold these bonds, whoever takes the interest. This can't be considered a bond issue at all.
Rubin's face immediately became ugly, and he coughed twice: "This is illegal."
"Of course." Huang Xuan said in a very heavy and slow tone.
"I think there might be some misunderstandings between us." Rubin said with a stutter.
Huang Xuan is not compelling. He knows that his age will always make some people feel that he has a chance to take advantage of, and he does not feel bad about the US Treasury Secretary himself. So I just smiled: "I still need a loan, I hope Citigroup can seriously consider it."
He said, he spared from the back of the table ~ EbookFREE.me ~ Lu Binqiang sent Huang Xuan away with a smile, Lorraine whispered at this time: "I just actively scanned the audience, maybe there are some things for you Will be interesting. "
"Oh?"
"Maurice Broncho, the vice president of BNP Paribas, confirmed to the country that he decided to loan 4 dollars. Of course, a mortgage is required."
"Where is he? Now."
"Just next to Bunker, the president of Bank of America." Lorraine simply opened the energy screen and displayed real-time information to Huang Xuan, so that no one else could see it.
"Who is next to Bunker?" Huang Xuan asked strangely, and should be able to stand with the two bank presidents, should also be a well-known person.
Lorraine said quickly: "Standard Chartered Group's Global Personal Banking Group Executive President Mike Dinoma. Need more information?"
"No, let them cool and talk."
... The late night new book Jiming Dog Robber: Book Number 1026315