Chapter 41 Deal Made
Richard didn't notice Prince Faisal's strange appearance at all, and still said to himself: "Your Royal Highness, don't talk about this consortium. They are far from being able to compare with your consortium in terms of courage and financial resources. My team and I wasted a lot of time with them, and oh my god, it's not worth it now. Only someone like you with a noble status and a unique vision can truly discover the true value of these bonds. ”
"Oh, really?" Prince Faisal's eyes lit up, and his right hand unconsciously clenched into a fist, and with his protruding middle finger began to slowly tap his knee. If anyone familiar with his behavior knows, it is a habitual action of his contemplation. It didn't take long for Prince Faisal to raise his coffee cup with a smile, smile at Richard, who was unconscious, and ask seemingly casually, "Richard, my friend, I don't know what the Hong Kong consortium you are talking about is, and how much they are bidding?" I'm sorry to forgive me for my presumptuousness, but I'm a person with a very strict curiosity, thank Allah, it is He who has given me such a strong curiosity that has brought me to where I am today. ”
In fact, after saying that, Richard regretted a little, it stands to reason that these are all trade secrets, and if he accidentally reveals them, it may add a little difficulty to the upcoming business negotiations. However, the words that come out are like spilled water, and it is impossible to take it back. Moreover, the other party has a noble status, and he uses the excuse of "Allah", which is even more difficult for him to avoid. For a moment, Richard was in a dilemma.
Since 9/11, the United States has taken terrorism very seriously. He even fought two local wars in a row for this. In the minds of ordinary Americans, this kind of war is the maintenance of world peace. But among the elites, many see the war in Iraq as a war for oil resources. And in the Persian Gulf, it is not only Iraq that has huge oil resources, but Saudi Arabia also has them.
But anyone who can succeed will always have some paranoia in their hearts. Richard is no exception, although he is a person who grew up in an inclusive society, but on the day of the collapse of the World Trade Tower, he happened to go out to negotiate and luckily picked up a small life. Since then. He had a deep hatred for terrorism. Even those who believe in Islam are deeply hated. According to the political position, Richard is definitely a complete white right. It's just that the prince in front of him has studied in the United States, and he is himself a figure at the top of the pyramid, and even Stanley's top management has to show weakness. Not to mention Richard, the tiny managing director.
At this time. The other party even moved out of "Allah". Naturally, they are prepared to talk about religious beliefs. In the United States, religion is as sensitive a subject as the question of skin color. If you don't deal with it properly, it may cause the other party to be unhappy, not to mention that the other party is still a prince.
Richard finally realized how extraordinary this Faisal prince was.
After a moment of fighting between heaven and man in his heart, Richard finally decided to talk to him, after all, the other side has completely finished playing, and at this time and that time, even the other party's previous bid does not have much reference effect, so he doesn't have to worry too much about leaks.
In addition, wouldn't it be even more beautiful if such a frank attitude could win the favor of the other party and promote the final negotiation of the deal? As for religious beliefs, contempt for the Muslim population, and so on, to hell with it, money is king! Richard shouted frantically in his heart.
"Your Royal Highness, I don't know if you've heard of Zhong Shi?"
After thinking about it, Richard completely let go of his psychological baggage, first asked Prince Faisal, and after receiving a negative answer, he began to tell the other party, "This guy is a legend, of course, compared to His Royal Highness the Prince, you are still slightly inferior." However, this person is very famous in the financial market, and it is said that he began to get involved in the financial market when he was a teenager, and he is almost invincible, and he has never heard of a case of failure. Of course, we all know that this is obviously impossible, and we can only say that this guy wins more time and loses less time. ”
"The most famous example of this guy was in '98, when he teamed up with the Hong Kong government to defeat hedge funds. You've probably heard of this, but what you may not know is that it is said that in the whole thing, the Hong Kong government just borrowed the name of this guy, and in fact all the money was paid by this guy. At that time, he had a net worth of over $10 billion, and oh my God, that's incredible. ”
"Although this guy has not been obvious in recent years, according to his own disclosure, he should have a net worth of more than $50 billion at present." Speaking of this, Richard secretly glanced at Prince Faisal, and after seeing that there was no difference on the other party's face, he secretly swallowed a mouthful of saliva, and continued, "Because the bond market was not very good, we decided to sell these bonds to cash out and replenish cash flow. But the original $30 billion worth of bonds, even if we lost part of it, the immediate price alone far exceeded the figure they quoted, so we had to abandon negotiations with them. ”
Speaking of this, Richard shook his head and sighed again and again, not knowing whether it was because he lost a big customer, or sighed for the other party to be so visionless.
From beginning to end, Prince Faisal maintained a posture of careful listening, did not interrupt Richard's narration silently, and his expression always looked flat, but his clenched fists did not let go, but beat his knees more frequently, and there was a flash of light in his eyes from time to time, but this qiē was unconsciously ignored by Richard.
"It turns out that there are such legendary characters, which is really admirable!"
After listening to Richard's narration, Faisal made an expression of amazement and shook his head repeatedly, "A guy like this is very rare, even in a people like us who are extremely loved by Allah. Thank you, Mr. Richard, for your explanation, I can see that you are sincere in this business, and Allah will bless you to achieve your wishes. Now, can you tell me about it? Why would the other party quote such a low price? Sorry, you didn't say the exact number. In addition, are their decisions made by the people of their team, or the legendary Mr. Zhong you are talking about? ”
As soon as he heard the other party's inquiry, Richard's heart immediately became entangled, but he soon came up with a set of excuses, "Your Royal Highness, this is the case. In fact, none of us had ever met Mr. Chung before the negotiations were over. Of course, these decisions are made by their negotiation team, but I believe that the other side should also be involved. After all, the scale of the deal is simply too large. Other than that. As for the price issue, at that time, it was because the market panic had reached its peak, and the Fed had not yet implemented the injection of liquidity into the market, so many people were not optimistic about this part of the bonds. But now everything is getting better. We don't need to negotiate with that team anymore. ”
"Didn't you sue him then? The Fed is likely to act? Other than that. The bonds are in pretty good condition, and the ratings are all positive, so I can't figure it out. Why didn't you reach an agreement between you, you know that you can continue to negotiate in terms of price. Prince Faisal frowned, this was the first time he had frowned, and it was clear that the question was critical.
For Prince Faisal's unrelenting, frequently asking questions, and the questions are sharper than the other, each one is more direct to the core of the problem, Richard secretly complained in his heart, eager to slap himself twice, thinking why he had to talk more at the beginning, but now it is difficult to ride a tiger.
"Actually, I personally think this is their usual method of lowering prices. Although the market was a little less positive and positive at that time, in the long run, the profitability of this part of the bond is almost ironclad. It's just a pity that their offer is quite different from our psychological expectations, reaching billions of dollars, and it is clear that under these circumstances, this business will not be possible under any circumstances. ”
At this time, Richard pondered for a moment in his mind, and finally could only reveal a little bit about the negotiation at that time, but then he immediately added: "But now the market situation has changed considerably, and during this time we have begun to sell some positions one after another, and the liquidity of the market has recovered, which is a good thing, indicating that investors have regained confidence in this part of the bonds." Your Royal Highness, in addition to your intentions, the Japan Insurance Fund and the Nordic Oil Fund have also expressed interest in this part of the position, and I think that if you really plan to buy this part of the bond, the negotiation process will need to be accelerated. ”
"Really? And such a thing? This time, Prince Faisal's expression was no longer static, his brows were slightly raised, the corners of his mouth twitched slightly, and his eyes began to flicker, obviously there was a violent fluctuation in his heart, and then unconsciously revealed in his expression and movements.
"Of course, my Royal Highness!" Richard nodded without hesitation, and then his face turned straight and explained sternly, "Your Royal Highness, don't think that what I said is a negotiation trick. I think these low-level tricks will never fool a character like you, and I will definitely not use them against you. In fact, Nordic oil funds are frantically looking for investments, and so are Japan's pension funds. They have expressed their desire to buy bonds to us more than once, but so far the two sides have been in a process of negotiating intentions and have not really started to make contact. After all, what we need more is a super-consortium like you that has the vision, the courage and the simplification of the process. ”
Before he knew it, Richard was touting Prince Faisal again. I don't know if it was because the two talked happily, or if these words just scratched Prince Faisal's itch, and Prince Faisal actually showed a smile on his face, although this smile was only a flash, but it was just right to be captured by Richard.
Next, Richard deliberately pulled the topic in this direction again, and praised Prince Faisal well, especially the Citibank investment incident that once made Prince Faisal famous in the West, which made Prince Faisal feel very happy.
Richard is naturally very proud, he has even begun to get obscene, and when this business is successfully completed, how much commission he can personally get, and even where to go on vacation this winter is carefully considered.
……
After a week and a half of negotiations, the consortium from the Middle East finally reached an agreement with Stanley, and the teams of both sides finally reached a consensus on the price after dozens of rounds of verbal battles behind the scenes. However, for the sake of security, the Middle East consortium has not yet paid cash immediately after adding a lot of supplementary clauses, but only signed a contract of intent to buy. Stanley is also helpless in this regard, because the other party is not an ordinary person after all, and the amount of money involved in this transaction is too large, so it is natural for the other party to be cautious.
On September 7, without revealing the news, Prince Faisal and Stanley's global managing director in charge of mergers and acquisitions, Ryan Brown, was in charge of the transaction. Christian signed the agreement of intent. In the deal, Prince Faisal's consortium will buy Stanley's bond portfolio, which includes prime mortgage bonds, for $21.6 billion. Based on the ABX index on that day, this part of the bond is worth exactly $22.4 billion.
The parties agreed that the payment would be made in three instalments, with the first Middle East consortium paying $5 billion in one month, the second $10 billion within a month after the first payment, and the third paying the rest in three months. As a deposit for the acquisition intention, Prince Faisal's consortium paid a deposit of $100 million to Stanley.
Ryan is a muscular middle-aged white man who looks dignified and energetic, dressed like the quintessential elite of Wall Street. And Prince Faisal is still dressed as a typical Middle Easterner. The two exchanged a few words at the signing ceremony, then sat down at the same table, took the contract delivered by the assistant, solemnly signed their names on the letter of intent to acquire, and then exchanged contracts, and after signing the name again, the two hands clasped tightly together, and the business was preliminarily reached.
As a listed company, Stanley quickly announced the news, and due to the impact of this news, Stanley's stock price rose significantly. (To be continued......)
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