There was silence in the room, and even the sound of breathing seemed audible.

Arno and Adès both looked at Tang Bao who was thinking, and the time spent waiting, every minute and second was a torment. Several times they almost couldn't help but want to break the silence, but they all stubbornly resisted the impulse. Vale is in great need of this funding, and if Arnold succeeds in raising the funds, it will undoubtedly be a great achievement, which will further strengthen his position and influence within Vale.

Contrarily.

Arnold will likely be blamed for missing out on the opportunity to make the acquisition, as the massive investment he led before consumed a lot of money.

So.

If you ask Vale who is most desperate to find funding, it is Yano. For others, not being able to win the National Ferrous Metallurgical Company may just be a very regrettable missed opportunity that will not be affected in any way. But this definitely does not include Arnold. Arno could have imagined that if he failed to raise sufficient funds in time or the bid failed, he could become a scapegoat, face overwhelming reproach and pressure, and even be forced to leave Vale.

Arnold was groomed as the next successor to Vale's president, but he wasn't the only one, he had other rivals.

His opponent will not let this opportunity go!

Arnold and his assistant Adès understood this situation, his competitors also knew it, and the entire Vale company executives also understood it.

Arguably.

From the moment it was learned that the National Ferrous Metallurgical Company was about to be auctioned off by the private chemical industry, there was an undercurrent surging beneath Vale's calm surface.

Seeing his situation, Arno is raising money everywhere, while his opponents are doing whatever it takes to wreak havoc and snipe at all costs. It doesn't matter to his rivals whether Vale will miss out on the opportunity, the most important thing is that they join forces to take Arnold down first.

This delicate situation.

The attitude of financial institutions with long-standing relationships with Vale is particularly important. If you don't agree to a loan, you will offend Arnold, and if you agree to a loan, you will offend Arnold's competitors. No matter how you choose, you will offend people, especially those state-owned banks, and how you choose is even more important, not only when it comes to investment returns, but also because of very complex political factors.

This is a multiple-choice question. This is a dilemma for all parties.

Therefore.

Recently, the management of many financial institutions has been very troubled and has held emergency meetings to discuss how to deal with it.

Let's be honest.

If it weren't for the company's internal struggles, Vale would not have been able to raise money even if it was burdened with a lot of debt and the credit line was exhausted.

Neither once nor twice did Bradesco Bank lend to Vale in excess of its credit limit.

But.

This time the situation is clearly different.

Arnold knew that Bradesco's attitude was critical, his competitors knew it, and Bradesco Bank itself knew it.

In this case, Arnold wanted to enlist the support of Bradesco Bank. It's not easy. He and Bradesco executives had met several times, but none of them were ideal. The other party behaved very politely, but when it came to the issue of financing, it was a little ambiguous.

I didn't say yes, I didn't say no...... It's so dragged anyway. But if it drags on like this, the situation is very unfavorable for Arnold.

Arnold knew very well that he could influence Vale's strategic partners. So can his competitors.

It's not always easy to get financial support from strategic partners.

Only by jumping out of this fence completely. Seeking external financing support is the only way to break the deadlock. The appearance of Tang Bao is undoubtedly a great opportunity for Arnold.

……

Well?

Feeling Arno's eager gaze, Tang Bao suddenly felt a little strange, the reason why he didn't rush to agree, he just wanted to take care of Arno. Let's be honest. Tang Bao is really worried that Vale, which is too heavily indebted, will not be able to repay the loan, after all, the price of iron ore is not very high today, and the profit is very low. But in order to establish a stable cooperative relationship with Vale, even if the billion-dollar loan really goes and never returns, Tang Bao will not hesitate to agree.

Arno's expression was urgent. A trace of doubt flashed in Tang Bao's heart. It's a pity that this doubt only disappeared in a flash, and Tang Bao didn't think much about it.

"Okay, I can provide a billion dollars in financing to Vale!" Tang Bao raised his head slightly, breaking the silence. Secretly, this billion dollars can be used as a stepping stone into Brazil's mineral resources sector.

Call.

Seeing Tang Bao agree, Arno couldn't help but secretly clench his fists in celebration excitedly, and his tense nerves relaxed, secretly thinking that he could finally sleep peacefully tonight.

Adès is also secretly happy in his heart, he is Arno's assistant, and Arno is a grasshopper tied to a rope, and Arno will not end well after he is finished. Now that he saw that Arno had solved a big problem, he was naturally happy.

And Morais and Milt, who had been sitting silently next to them, were secretly frightened, although they knew that Tang Bao was wealthy, but they were still shocked to see Tang Bao agree to lend a huge amount of money of one billion dollars in just a few minutes.

It's easy for them to make money from consulting firms, but they're afraid they won't be able to make a billion dollars in their lifetime!

"Thank you, thank you very much for your generosity, I promise, I will give you a generous reward." Arno said excitedly.

It is no exaggeration to say that this billion dollars is his Arnold's life-saving money! Without the funds, Arno would likely be in a state of disarray.

Scold.

Tang Bao smiled slightly and nodded. With this loan, together with Vale's joint bid for the National Ferrous Metallurgical Company, he believes it will be enough to gain a foothold in Brazil.

"Hmm. This billion-dollar loan has a five-year term and an interest rate of 8% with annual interest payments! Arno pondered for a moment and said.

Without waiting for Tang Bao to say anything, Morais, who was sitting silently, seized the opportunity of his performance and hurriedly spoke, "As Mr. Tang's consulting consultant, I need to say something here, President Yannault, are you bullying Mr. Tang for being unfamiliar with the financial market in Brazil?" The 8% loan interest rate is really insincere. ”

Then.

Morais turned his head and whispered to Tang Bao and explained, "Mr. Tang, the interest rate on US dollar loans at Brazilian banks is about 13. With a range of 5% to 17%, even the best companies in Brazil will not be able to apply for a loan in US dollars at a bank with an interest rate lower than 13. 5%。 ”

It's broken.

The moment Morais spoke, Arno knew that things were going bad, and before he could stop him, Morais shook out to Tang Bao.

13。 5% interest rate on loans, so high! Tang Bao was taken aback.

Then.

Kate also reminded that "the preferential loan interest rate in the United States is 10%, and the normal commercial bank loan interest rate is around 12%. ”

Tang Bao, who had regained his composure, cast an inquiring glance at Arnold.

"Whew."

Arno took a deep breath, he knew he had to explain it well, otherwise he might be happy and sad, and regret that he was too greedy.

Mr. Tang, the 8% loan interest rate is not determined based on the level of bank loan interest rates. As far as I know, Mr. Tang recently borrowed $12 billion from Times Inc. at an annual interest rate of only 5. 25%。 That's what I set for my loan at this rate. Arnold explained.

Well.

Tang Bao nodded silently, if you look at it this way, Arno can be regarded as generous.

But.

And that's just on the surface. Arnold is a loan, while the American Times Company is issuing bonds, bank loans and corporate bonds are two different things, corporate bonds can be circulated and have a strong ability to liquidate, but loans do not have such ability. Arnold's use of bond interest rates instead of loan rates is inevitably a bit confusing.

Let alone.

The interest rate on the bonds of the American Times Company is set so low, and Tang Bao intends to support the Time Warner merger to fight against Disney.

If determined by the market, the coupon rate on the bonds of Time Inc. could be increased by two or three percentage points.

"Times Company is issuing corporate bonds, and it is a special case, and it is inappropriate for President Arnold to use it." Kate emphasized.

Tang Bao didn't speak.

Apparently.

He also agreed with Kate's words, if Morais had not explained the deposit and loan interest rates in the Brazilian financial market, Tang Bao might have thought that the 8% loan interest rate was not low, but he thought that the best companies in Brazil would have to pay 13 dollars to apply for dollar loans. The loan interest rate is 5%, and Arnold only gives an interest rate of 8%, which is really unkind.

Ay.

Arnold couldn't help but smile bitterly, originally he not only wanted to use the billion-dollar loan to solve the predicament, but also wanted to rely on low-interest loans to strengthen his position.

After being poked by Morais and Kate, he suddenly realized that he was too greedy.

Fortunately.

Tang Bao reluctantly agreed with his explanation, and was not angry, otherwise he would have to hit the wall if he ruined the loan for this trivial matter.

"Miss Kate is right, I didn't think it through. The interest rate on loans is determined according to the level of interest rates in the Brazilian financial market. ”

"Brazil's dollar lending rate is at $13. Between 5% and 17%. Mr. Tang, how much do you think is appropriate? Arnold asked Tang Bao's opinion.

After doing something stupid, Arno became cautious.

"Huh. Then according to the market interest rate, Vale is definitely the best quality company, and it is natural to get the best loan. Tang Bao said with a smile.

"Okay, no problem, the annual interest rate of the loan is set at 13. 5%。 Arnold readily agreed. In fact, Vale usually gets more favorable loans, but Arnold did not mention it. At this moment, the most important thing for him is to ensure that he gets this loan smoothly, and he must not make any more extraneous branches, which can be said to be his life-saving loan.

"Hmm."

Tang Bao smiled and nodded. After such a small twist and turn, Tang Bao can get tens of millions of dollars more in interest every year, and he is naturally satisfied.

Soon.

Tang Bao and Arnold initialed an agreement that would require the approval of other Vale executives before it could take effect. (To be continued.) )