0589 Directional Bonds(2)
The so-called directional bonds refer to the fact that there is a special underwriting agency responsible for purchasing the bonds issued by the bond issuing company, and the liquidity of this kind of bond is actually very poor, because it is not issued to the whole society, but there is a specific one or several institutions responsible for holding, and the institution holding the bond is only for short-term interest, not to make a profit by relying on the market price difference of the bond.
At present, the domestic financial market has just started, the securities market is not very developed, and the amount of loans of 1 billion yuan is too large, and Li Minghai does not dare to guarantee whether the banking system will agree, but if it is exchanged for bonds, as an investment method, the banks will have great flexibility in operation.
Since this matter is related to the development of the Hongqi car and the military parade celebration of the 50 th anniversary of the founding of the People's Republic of China, Li Minghai said that he would also contribute to this matter, and if Tianming Company can really successfully acquire Rolls-Royce, this will also be a very long-faced matter for China.
"Okay, I'll go back and ask him, and I'll call you to let you know the results. Lee Ming-che nodded. He is not as good as Li Minghai in economic matters, and since Li Minghai said so, it must be operational.
After returning to the mechanical engineering department, Li Mingzhe immediately called Zhou Jingming to his office, and then told him Li Minghai's proposal.
"My eldest brother also said that the loan amount of one billion yuan is too big, and the banking system will not easily lend money to Tianming Company, and issuing bonds is the safest method at present. ”
Li Mingzhe looked at Zhou Jingming, and then continued, "Of course, this is just a proposal, if you think this method is unacceptable, I will think of other ways, there will always be a solution." ”
"There is definitely no problem with issuing bonds, but I still have two questions," Zhou Jingming raised two fingers, and then continued, "First, bonds are not issued if I want to, and the consent of the CSRC and other relevant departments must be obtained.
As long as it is a way to raise money, Zhou Jingming is willing to try it, provided that such a way is feasible.
"There should be no problem on the CSRC's side, and since my eldest brother proposed such a method, he must have considered this problem. As for the bond subscription you mentioned, my eldest brother also promised to lead several other banks to subscribe, so you don't have to worry about it. Lee Ming-che replied with a smile.
Li Minghai is still very thoughtful about things, and he must have taken into account the two issues Zhou Jingming said.
"If that's the case, then I'm definitely willing. When Zhou Jingming heard this, he couldn't help but say in surprise.
"Okay, then I'll tell my eldest brother your decision, and you also let Tianming Company prepare, and the process of issuing bonds will be clarified first, so as to save time when the time comes." ”
Next, Li Mingzhe called Li Minghai and told him that Zhou Jingming was willing to issue bonds for short-term financing, and Zhou Jingming also called Ma Xudong as soon as possible to ask him to prepare relevant information for the issuance of bonds.
In this way, the short-term financing prepared by Tianming Company for the acquisition of Rolls-Royce has also been settled, and the next thing is to see how Li Minghai will follow the procedure.
In order to grasp the information on the issuance of bonds in a timely manner, Zhou Jingming also stayed in Yanjing temporarily, waiting for Li Mingzhe's notice at any time.
And the facts have also proved that there are people above who are easy to do things is not false at all, with Li Minghai coming forward, the China Securities Regulatory Commission also quickly approved the Tianming Automobile Company's directional issuance of one billion securities, but in terms of procedures, Zhou Jingming once again encountered difficulties.
"At present, I have contacted the Bank of China, the Construction Bank and the Agricultural Bank of China, the three banks, counting our Industrial and Commercial Bank of China, each bank will subscribe for 200 million yuan of bonds, and now the problem is that there are still 200 million bonds left that no institution can subscribe, if you can't find the fifth certification body, the CSRC side, there is no way to issue the final approval documents. ”
Li Minghai looked at Zhou Jingming and said with a serious face. Being able to persuade the four major banks of the workers, peasants, and China Construction to subscribe for 200 million yuan in bonds is already Li Minghai's limit, and none of the four major banks will subscribe for a penny more, that is to say, only 800 million yuan of the 1 billion directional bonds are currently subscribed to a clear direction.
"Or, this time, you can directly issue 800 million directional bonds. Li Minghai paused and continued.
Zhou Jingming was not in a hurry to answer Li Minghai's question, before coming to Yanjing, Ma Xudong had already told him that the short-term financing of one billion yuan is already the minimum, and it cannot be lower than one billion, so this time, Zhou Jingming must gather one billion financing!
"Governor Li, can you give me a few more grace days, and I will think about who else can subscribe for the remaining 200 million yuan of bonds?" After some thought, Zhou Jingming looked at Li Minghai and said solemnly.
"We can do it at any time here, it mainly depends on your needs, if you are in a hurry, it is best to give us a reply as soon as possible, from the approval to the formal entry of funds, it still takes a certain amount of time. Li Minghai replied with a smile.
"Within five days, I will give you an answer. Zhou Jingming hurriedly replied.
"Xiao Zhou, if it really doesn't work, first issue bonds according to the scale of 800 million, and if the company encounters operational difficulties at that time, it will be okay to think of other ways. After coming out of Lee Ming-hae, Lee Ming-che suggested.
"If after five days, I really can't find a subscriber for the remaining 200 million yuan of bonds, I can only do what you said, Minister Li, but in the next few days, I still want to work hard. Zhou Jingming replied.
Since Ma Xudong said that one billion is the minimum, Zhou Jingming said that he could not risk the company falling into a financial crisis, and when the time came, the acquisition of Rolls-Royce would not succeed, but he would let himself fall into the quagmire.
In the afternoon of the same day, Zhou Jingming flew back to Shencheng, ready to talk to Zhao Ke and them about how to deal with this matter.
"The scale of 200 million bonds is really a bit large, and the companies that can come up with so much money at one time, in addition to the four major banks, are also counted in the whole country. Wang Yuanchao said with a frown.
After Zhou Jingming returned to Shencheng, he called a few of them to his office to discuss countermeasures.
"You don't have to have to subscribe to an institution alone, as long as you can sell the remaining 200 million yuan of bonds. Ma Xudong on the side followed and said.
"Actually, I know that one company will definitely be able to subscribe for all the remaining 200 million yuan bonds, and it depends on whether we can impress them. At this time, Zhao Ke, who had not spoken, suddenly said mysteriously.
"Who?" asked He Yingxun curiously.
"Huaxi Village. ”
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