Chapter 675 U.S. Dollar Bonds

For the car plant project, the key to it was on the Soviet side, or rather the Soviet ruble loan. If the Soviet Union still has loans for equipment and technology, Yangcheng is willing to provide support for infrastructure and land acquisition, and it is easy to obtain a loan of 500 million or 800 million yuan for such a project, and if Jingjian can come up with 200 million or 300 million US dollars of start-up capital, it is not impossible to have flexible turnover.

But now that more than half of the ruble loan has been used, Jing Jian really can't open his mouth anymore? Could it be that he said to the Soviet side: "I have no money, can you borrow some more?"

Unexpectedly, just a few days later, Nona hurried to the United States, and Jing Jianjian immediately realized that the current situation has become interesting, huh?

……

"Bramble, you can't do that. We have started to build new equipment in China, but you suddenly withdrew from this project, who should pay for this loss?" Nona said with a smile.

Jing Jian smiled and shook his head, do you still need to blame each other at this time, especially when facing a beautiful young lady: "Nona, there are a few good places in Los Angeles, are you interested in going and having fun?"

"I'm not here to play, I really want to solve the current problem as soon as possible. Nona slowly became serious, "Bramble, myself, and we in the Soviet Union want this project to be successful. If you have any personal requests, please feel free to ask me. ”

The Chinese side can still remain reserved and endure not to contact Jing Jian, but the Soviet side really can't bear it. So this time Nona came with a mission, and it was important to have a result, preferably a good result.

"Nona, I think it's okay to talk, mind, just talk. The delay is too long, and I can be patient personally, but the outside world has changed too much. For example, the last time I got a loan from your foreign trade bank, I have already established a joint venture fleet, and it has already been used elsewhere. So my request this time is quite clear, okay is okay, no can not work, I don't want to get into endless rip-offs anymore. ”

After listening to Jing Jian's words, a middle-aged man behind Nona smiled slightly: "Mr. Bramble, this is also what we mean from the Soviet side." ”

At the time of the introduction, Jing Jian knew that this person's name was Pantsev, and now he saw that he took the initiative to express his position, and understood that this Pantsev was the actual decision-maker of today's negotiations. So Jing Jian nodded slightly to him: "The original terms have basically not changed, and now the key to the problem is money, to put it simply, I need a loan of at least one billion rubles." ”

That Pantsev was no longer hiding behind the scenes, and he replied directly: "A billion rubles, or even more loans, is fine, but from the information we have obtained, you have already borrowed more than twenty-eight billion dollars in major world banks." And that's not counting the more than 1.6 billion rubles you borrowed from our Foreign Trade Bank and your RMB loan in China. I'm sorry, I'm not here to question your ability to repay, but we in the Soviet Union must not take too much risk, so I would like to ask you, do you have anything to pledge?"

"Can I count the 170 million or 800 million East German marks I have in the GDR Commercial Bank?" Jing Jian asked half-jokingly. In fact, on the eve of the merger of the two Germanys, the East German mark has depreciated quite sharply, and the official price is basically around 1:4 with the West German mark, and the black market price has already been as high as 1:7 or more. Therefore, the growth rate of the East German mark in Jing Jian's account is quite amazing, and it is estimated that by the time of the reunification of the two Germanys, it will basically exceed 2 billion.

Pantsev, of course, was as reluctant to accept the East German mark as he was absolutely unwilling to accept the yuan. He smiled and shook his head: "We still hope that you can come up with high-quality assets, preferably the shares of listed companies as collateral." ”

"Huh. Jing Jian also couldn't accept such conditions, not because he didn't want to, but because he really couldn't do it. In the previous fundraising, he had already pledged the shares of Delta Power to Hirata Bank.

The negotiations seemed to have reached an impasse all of a sudden, and Nona on the side looked nervous. Instead, Pantsev smiled and took out the cigarette case, and both of them lit cigarettes. Jing Jian smiled and said: "Mr. Pantsev, in fact, you have a misunderstanding, I can borrow 2.8 billion US dollars, which proves that I already have 2.8 billion US dollars in assets. I may actually own more, and several of my big projects are all in the construction stage, so my assets will grow in value even further by the time they come into production. ”

"I believe that. Pantsev nodded, "Bramble, I am not here to embarrass you today, but to try to solve the problem. ”

"Uh-huh. ”

Pantsev smiled: "Have you ever thought about investing in our Soviet dollar bonds?"

"U.S. dollar bonds?"

Jing Jian was quite surprised: "Can you tell us about your plan?"

"I want you to underwrite a three-year bond of $500 million, of course, without an underwriting discount, but we agree to give you a loan of another billion rubles. And this loan has prerequisites, the funds are earmarked for the car plant project, and we can relax the restrictions on the mortgage. ”

"What do you mean? If the car factory project doesn't work out, I won't get this loan, but those bonds still need to be bought?"

"Yes, you're quite right. ”

"Are you going to buy it right away?"

"Of course not, we can sign an agreement first, which will give you time to raise money, as long as you buy it within this year. Note that the penalty may be higher, 10%. Sorry, I think such conditions are good enough. After all, the dollar bonds you get will pay interest. ”

What Pantsev proposed was actually some kind of currency exchange agreement, in which the Soviet government lent Jing Jian rubles, and Jing Jian bought Soviet dollar bonds. Generally speaking, it is not a matter of who takes advantage and who suffers, but the current situation is very unusual? The Soviet Union will collapse in a year?

Jing Jian once heard that the Soviet Union borrowed heavily back then, and when it came time to inherit the Soviet legacy, Russia was simply unable to repay the huge foreign debt, and it continued to default until the price of oil skyrocketed, and it was slowly repaid. In other words, if Jing Jian bought those bonds, he would definitely not get them on time, and the only thing he was fortunate about was that he would be able to repay them in the end.

At this time, Jing Jian suddenly fell into deep thought. Those bonds will definitely suffer losses, but the ruble loan is too tempting, so should we agree to it? Or can we get more favorable terms? In fact, at this time, Jing Jian was already inclined to reach an agreement when considering "favorable conditions."