What does it mean to change the collateral from taxes to the expected returns of a business event?

Even Beowulf, who doesn't know much about bond trading, can see that "Wouldn't it be too risky to buy such a bond, and can it really be sold?" ”

A government agency issues bonds with the tax revenue in its jurisdiction as collateral, which is the so-called treasury bond, which is relatively safe bond, as long as the regime does not collapse, the tax revenue will not be broken, and the risk of default on the national debt is not large. The www.biquge.info risk of issuing short-term financing bonds with the expected returns of the competition as collateral is much higher than the former, first of all, you have to convince investors that the competition can obtain the expected returns.

As far as the current common sense is concerned, holding a tournament has always been a matter of losing money and making money, and there has never been a precedent for making money, so who would pay for this seemingly unreliable bubble?

"The most important thing in selling bonds is confidence, what we need to do is to improve the confidence of underwriters, how to improve it?" Roland patted the stack of martial arts operation plans written by him on the table, and smiled to cheer up Beowulf and Natasha: "I use this plan to convince you that the tournament can be profitable, and you should also try to convince others that investing in this program is a good business that will not lose money." ”

Faith is the most wonderful thing in the world.

Faith can be contagious to each other.

Faith can be self-fulfilling.

Natasha was infected by Roland's confident smile at this moment, and her mood suddenly rose: "Tomorrow I will invite Victoria over for tea and try to persuade her to subscribe for a part of the bonds on behalf of the Yangbo Chamber of Commerce." ”

Beowulf is also searching for potential financiers: "Tamara is very cunning, but she is really not bad for money, we don't need to deliberately alienate her, invite her to come over tomorrow to talk about the issuance of bonds, she is so shrewd, she should not miss the opportunity to make money." ”

"If the Yangbo Chamber of Commerce and the Twilight Fund are willing to underwrite the bonds, it will be excellent," Roland thought for a moment, then said, "If they are too cautious and don't plan to eat all the five million bonds, I can try to settle some of them." ”

Natasha's eyes lit up: "How much cash can you come up with?" ”

Roland couldn't help but laugh: "I want to buy bonds, but unfortunately I am a poor ghost and can't afford them, fortunately, the poor also have a few rich relatives, my friend Nikita is from Beacon Hill, I can ask her to help contact the right-hand people in Beacon Hill and try to persuade Beacon Bank to underwrite some of the bonds." ”

"Oh? Lighthouse Bank, long admired Daimyo! Natasha's eyebrows fluttered excitedly, "Speaking of which, our Kitland City Mystery Lock was built by Beacon Hill, and it is said that the legendary archmage and his assistants have been working in the city for more than a month, charging 100,000 gold coins a day, making money faster than robbing money!" ”

"Yangbo Chamber of Commerce, Twilight Fund, plus Lighthouse Bank, if everything goes well, these three institutions can take over five million bonds," Roland paused, and finally added a meaningful sentence, "Even if we plan for the worst, the three major institutions refuse to underwrite bonds, we still have one last resort - private placement to public offering, and directly issue bonds to the people of the city!" ”

Natasha was taken aback and said repeatedly, "This can't work!" I have publicly stated that I will not ask the people for money, how can I go back! ”

"Mrs. Natasha, please pay attention - the issuance of bonds is not a tax, let alone begging, but a kind of wealth management product, after maturity is to pay interest to investors, how can it be said that the transaction of mutual benefits can be said to be the exploitation of the people?" Roland smiled indifferently, "If Sergei intends to use the topic to play, you can gag him with my words above." ”

Natasha stared at him blankly, her mind turning back and forth, and she felt more and more that this young man was thoughtful and impeccable!

Beowulf stood up and gratefully shook Roland's hand: "Thanks to you this time, if there is anything I can help with, just bring it up, I will do my best." ”

Roland first thought of the "lion totem", but after thinking about it, Lady Natasha had hinted just now that she didn't need to mention it again, not to mention that her diplomatic mission was more important than personal benefits.

"Lord Beowulf, to tell you the truth, I have come thousands of miles to Kitland this time, and I have been entrusted by my father, Rudolph Koras, to propose an alliance to you on behalf of the Kolas Legion."

Beowulf nodded, and replied with a straight face: "I have heard of General Rudolph's name for a long time, and I have heard that he led the Kolath Legion to sweep the Southern Plains and exterminate the orc coalition army, and is regarded as a national hero by the people of the Far East, and I am looking forward to establishing friendship with him." ”

He said this very well: he only talked about the expectation of a personal friendship with Rudolph, and did not respond directly to the intention of the alliance.

Roland was not disappointed, because this is the reaction of a qualified ruler - how can he easily express his position without the specific terms of the alliance being determined? It is important to know that the contractor of the covenant is not only himself, but also the future of all Kitlanders, and the pros and cons must be fully weighed, and each detailed rule can only be decided after long-term and in-depth negotiations.

Roland did not expect to establish a covenant in a few words, and hasty covenants were often unreliable, and getting Beowulf's positive statement would have achieved its goal.

"I will convey the goodwill of the lord to my father, and a draft will be submitted as soon as possible, and if nothing else, I will be stationed in Kitland as a liaison, responsible for discussing the details of cooperation with you or your designated representative, and when we have drafted the terms of the alliance, and it is basically finalized, my father will personally visit Kitland, meet with you, and attend the press conference of the formal alliance."

"No problem, Natasha is the person in charge on my side, and Vigraf usually contacts you." Beowulf laughed.

"That's the best, yes, I have a business initiative right now on the alliance that will be good for both of us." Roland suddenly remembered something, and mentioned it by the way, "Our Kolath Legion has developed rapidly in recent years, the total strength is approaching 10,000 people, and a large amount of steel forging weapons and equipment is needed, if my father can rule the Far East Province in the future, he will inevitably increase infrastructure construction, and the demand for steel will be greater, the Kitland region is rich in coal and iron ore, which can just meet the industrial needs of the south, but unfortunately the transportation is inconvenient, if a railway trunk line from Fort Atonement to Kitland City can be built, it will be very convenient to transport Kitland's mineral resources to the south, It's good for both of us. ”

"I'm not opposed to building a railroad together, and it's also good for us Kitlanders to go out and learn about the outside world, but ...... I've heard that General Rudolph works closely with the Dwarves of Icewind Dale, and Icewind Dale is also rich in coal and iron resources, so why do you want to go to our Kitland to buy from far, isn't Mr. Rudolph's friendship with Lord Bratu as deep as the outside world has rumored? ”

In the face of Beowulf's questioning, Roland shook his head and chuckled: "You are too worried, in fact, we have always maintained a deep friendship with the dwarves of the Far East, and Bloom, who traveled with me to the Northlands, is the son of Lord Bratu, and he is also my friend, but friendship is friendship, business is business, if the two are mixed up, in case the business collapses, wouldn't it be a friend to do it?" It comes down to the same saying – it's better not to put all your eggs in one basket. ”

Beowulf pondered for a long time, and his tightly knit brow gradually relaxed. Indeed, as Roland said, you should not put all your eggs in the same basket. Kitland is a typical example of the opposite: completely dependent on the Yangbo Chamber of Commerce to import grain, incurring large debts, and gradually becoming a vassal of Baigull Harbor financially.

By the same token, if the Kolath Legion relies only on the Dwarves of the Far East for its equipment, it will inevitably be led by the nose by Icewind Dale, and even forced to sacrifice its own interests to protect the interests of the other party.

Diversify investments, diversify purchases, and at the same time diversify risks. If the Koras father and son had two purchasing options, Icewind Dale and Kitland, then the seller's market would become a buyer's market, which would be more conducive to the buyer's price game; On the other hand, in Kitland, if there are two grain import channels, Baiou Port and the "Harvest Ring", and more investment to encourage agricultural production, food security will also be more reliably guaranteed.

Beowulf stood up and stretched out his right hand to Roland with a smile: "We Kitlanders are a hospitable people, and we are happy to have more contact with our compatriots on the southern plains to enhance friendship, cooperation is a profitable and good thing for both of us, I hope General Rudolph can visit as soon as possible, I am very much looking forward to this meeting." ”

Roland knew that today's meeting had come to a successful end, so he stood up and shook his hand, smiled and said goodbye: "Lord Lord is very thoughtful, I will truthfully convey your invitation to my father, I believe that he will make the trip as soon as possible, it is getting late, I will not bother anymore, see you tomorrow." (To be continued.) )