Speaking of which, it is not easy for the Chinese government to issue bonds worth tens of billions of dollars. In years when the fiscal deficit was small, China's national bond issuance was only about 100 billion yuan, calculated based on the exchange rate against the United States that year. , which is only just tens of billions of dollars.
In years with a large number of issuances, that is, 600 billion yuan, this is usually divided into several or even dozens of issuances, and the total amount of bonds each time will never exceed 10 billion US dollars.
Not to mention the riskier Russian and Mexican bonds. As for corporate bonds, even Coca-Cola and General Electric rarely have the luxury of selling tens of billions of bonds.
Pfizer's annual operating income is tens of billions of dollars, and the bonds it issues are still not enough, let alone the new company formed by Huang Xuan. However, this is not an absolute thing. In many cases, whether the bonds can be sold depends on the issuing company. things. For example, Goldman Sachs is a well-known bond operation giant on Wall Street.
Therefore, when Rubin proposed that he could help sell US$10 billion in bonds, Huang Xuan did not think it was impossible.
Of course, the possible probability is really low.
Rubin took a sip of wine with a smile, put it on the dining table, wiped his hands with a cloth, and said: "The bond interest is 9.5%, and Citigroup charges 5% of the total fee."
5% is 500 million U.S. dollars. If you add interest, you will have to pay 1.5 billion U.S. dollars in the first year. If you pay off the debt after 5 years, you will have to pay half more. This money is quite good.
Huang Xuan looked at Rubin suspiciously. US$1.5 billion was almost half of his assets, and the rate of return in the first year would most likely not reach this level, so naturally he would not be able to repay the interest. This made him a little disbelieving and said: "Aren't Citigroup worried that I can't afford the repayment?"
Rubin smiled and threw the tablecloth on the table and said: "Your patent will be placed in Citigroup's safe as collateral."
In other words, he believes that Huang Xuan’s BD patent is worth at least US$7 billion.
If it is 6 years later, this is natural. After all, these patented technologies account for half of BD's profits, and they are the comprehensive technology for the next 20 years. Patented technologies such as coatings can be used in other industries. However, it is still very adventurous to value it at US$7 billion. This is enough to acquire a decisive stake in a multinational company.
If Huang Xuan was asked to estimate it by himself, it would actually be only two to three billion US dollars. A patent can only be a patent. Especially when a standard has not yet become popular, the price of a patent will be greatly reduced. If it is based on Sony's estimate , assuming that BD will be popularized in 6 years, the interest of 7 billion US dollars will be 4 billion at that time. No matter how the value increases, it will be meaningless.
Huang Xuan couldn't understand Rubin's thoughts, just like Rubin couldn't understand how Huang Xuan obtained these patents. However, in the eyes of Americans, the mystery of the Chinese seems to be innate, even in the Central Intelligence Agency Within the bureau, many people will not understand the difference between China's government-owned businesses and state-owned enterprises.
As a member of the Huang family, Huang Xuan certainly has the capital of government and business. In fact, Huang Xuan did not consider the source of these BD technologies at all before his trip to the United States. Whether it is Sifang Group or a certain research institute, it can be a perfect solution, but Huang Xuan deliberately did not do so.
A layer of fog, coupled with a little distance, will only increase the temptation for American companies.
In other words, Americans are actually extremely envious of some of China's red-top companies, just like today's Chinese people salivate when talking about diamond mines in South Africa or oil wells in Saudi Arabia. .
Rubin looked a little hungry. The nearly 70-year-old man still maintained strong energy and appetite. He ate two pieces of small red sausage, took another sip of table wine, and said with a smile: "Mr. Huang, what are you thinking about?" ?”
Huang Xuan picked up the wine glass and looked at the enlarged bonfire through the glass. After waiting for a long time, he said: "I can't pay 1.5 billion US dollars."
"You can get 9.5 billion US dollars in cash, and interest can be paid starting half a year later. From then on, you will pay 80 million US dollars every month. Of course, this money must be placed in Citigroup before it is used."
This is an extremely altruistic clause, but the point is that Citigroup can provide so much money. Huang Xuan really can't think of any other financial institution that dares to boast of such a large Haikou.
As long as he nodded, Xie Hao could get the 4 billion U.S. dollars in his hand. Huang Xuan was slightly moved, then calmed down, rubbed the rim of the cup, and said: "It is indeed very tempting, but I can't afford it." That’s money.”
Rubin glanced at Huang Xuan imperceptibly, feeling quite surprised. He is still a young man who looks silly, but he is very capable and strong-tempered. In fact, let alone a young man, he is a man who has experienced shopping malls. When he heard about the 10 billion US dollars in bonds, he should be a little dizzy at this time. Come on. Think about it, as long as you nod your head, you can immediately become an operator of tens of billions of assets. Such temptation is really not small.
However, he miscalculated Huang Xuan. Compared with most people who are unlikely to manage 10 billion US dollars in their lifetime, Xiao Huang's mentality was naturally different. He made himself a simple version of the sandwich and bit into it. Chewing and thinking.
Even within the Huang family, Huang Xuan has received the most business education. Zhang Xinyi has taken Huang Xuan around the company since she was a child. At that time, Sifang Group was just a small company. After so many years, when the Huang family is big When most of the disciples are focused on how to extract more profits from Huang's fund through intrigues, the Sifang Group has become the new flagship.
Zhang Xinyi has paid attention to cultivating Huang Xuan's sensitivity in numbers, economics and business since he was a child. In her opinion, if nothing unexpected happens, when Huang Xuan inherits the family business, he no longer needs to know how a factory should produce or trade. How should such a question be carried out? For a group with assets of over 1 billion US dollars, the top management should focus on issues such as who will hand over the money to operate, or in which aspect it will be operated.
In this aspect, Huang Xuan's academic performance is pretty good, which is inversely proportional to his grades in school.
Rubin stared at Huang Xuan closely, while the latter seemed completely unaware. He put the wine glass to his lips, but there was no wine on his lips. He looked like he was stunned.
Huang Xuan's mind was spinning crazily.
Who can afford 10 billion US dollars
Sony can't do it, and Toshiba can't do it either, but the Japanese consortium headed by Mitsubishi? Their relationship with Citigroup is very delicate, at least they are not interested in helping Citigroup earn $500 million.
Hollywood film source? Huang Xuan blinked in denial. Warner couldn't come up with 10 billion US dollars in cash, so exchanging shares would be enough. He looked around casually, and suddenly saw Bunker, the president of Bank of America, standing in the outer circle of sight, watching here.
Is it a financial institution? Huang Xuan looked up at Rubin. Only major financial institutions would be willing to buy tens of billions of dollars in bonds, because for them, the risk of mortgage bonds is not very high, and the yield is obviously very impressive. Satisfying, and fitting for the hype.
Thinking of this, Huang Xuan looked at Rubin with burning eyes 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. When he heard Huang Xuan's words, he suddenly went astray. He smiled reluctantly and said, "Why would Mr. Huang say that?"
"Mr. Rubin, I am familiar with Mr. Meriwether, and I accidentally thought of the possibility that if a hedge fund used for arbitrage in the market used financial leverage to buy my bonds, but in fact, he only It takes a deposit of 1 billion or even 500 million US dollars to get these bonds from the bank, and then you can put them on the market or store them in a safe... "
Huang Xuan did not continue because what followed was definitely something Citigroup did not want to hear. If Rubin really did this, Citigroup would have made $500 million without doing anything except providing financial leverage - which is almost daily - without even taking any risks. As for the interest, whoever holds the With these bonds, whoever takes the interest will be fine. This is not a bond issue at all.
Rubin's face suddenly turned ugly, he coughed twice and said, "This is against the rules."
"Of course." Huang Xuan said in a heavy and slow tone.
"I think there may be some misunderstanding between us." Rubin said with a somewhat unclear stutter.
Huang Xuan did not push him. He knew that his age would always make some people feel they could take advantage of him, but he had no ill feelings towards the US Treasury Secretary himself. So I just smiled and said: "I still need a loan. I hope Citigroup can seriously consider it."
After that, he walked out from behind the dining table.
Rubin sent Huang Xuan away with a forced smile. Lorraine whispered at this moment: "I just took the initiative to scan the whole place. Maybe there is something you will find interesting."
"oh?"
"Maurice Blanchot, the vice president of BNP Paribas, has confirmed to the country that he has decided to lend you US$400 million. Of course, a mortgage is required."
"Where is he? Now."
"Right next to Bank of America President Bunker." Lorraine simply turned on the energy screen and displayed the real-time information to Huang Xuan so that no one else could see it.
"Who is next to Bunker?" Huang Xuan asked strangely. The person who can stand with the two bank presidents should also be a famous person.
Lorraine quickly said: "Mike Dinoma, CEO of Standard Chartered Global Personal Banking Group. Do you need more information?"
"No, let it cool before they talk."
…
A new book called Chicken Crow and Dog Thief in the Late Night: ISBN 10615 (To be continued. If you want to know the funeral, please log in to .qidian. There are more chapters. Support the author and genuine reading!) (To be continued)