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Chapter 518 Taking Back the Initiative
Lei Hao's properties have not been listed on the market, so few people outside the industry know about him. Even the financial media are almost helpless. Under the premise that Lei Hao is unwilling to disclose detailed financial status, people who have some detailed information will definitely not Share the information they have.
In this case, the senior executives of Wall Street, whether it is securities companies, banks, or insurance companies, all know more or less that LEI is going to cross the river.
The awkward thing is that Lei Hao rarely comes out to discuss cooperation with other organizations. After some plans and cooperation intentions were submitted through Forest, they all came to nothing. As a result, everyone acquiesced in this method, but there was not much undercurrent in it.
For example, other institutions are also discussing the acquisition of Yuhua Bank, but Lei Hao is the most sincere and has the highest demand. Everyone knows that Yuhua's major shareholders have already identified LEI, which is a tacit attitude. .
Who would have thought that a deal would not be settled until the hammer falls. George ignited the greed of Chen Jingchu and Martin and prepared to kill Lei Hao.
Things get more interesting. If Lei Hao accepts this blow, the next one will follow immediately.
It would be good if Lei Hao knew that this company would be popular in the future. For a company like Yuhua Bank that relies on its own operations to save the situation, wouldn't it be foolish to buy it at a high price?
purchase? Too expensive.
Not buying? Then there are no other sources of supply.
what to do? Then I will create a supply environment myself!
This is what Lei Hao is thinking right now.
Returning to Forest, there was a burst of praise. Fox and others, who had played a powerful role at Oasis Securities, now admired their boss.
Coupled with the fact that the company has sufficient funds and the investment field is in a state of considerable book profit, Fox and others are so high-spirited that they are going to skyrocket.
"Where has our bond project progressed?" Fox was called to the office, and Lei Hao asked with a smile.
"It's almost done. We just need to finalize the third-party guarantee and open an account with the other party. We can negotiate with each other at any time and determine the scale of the sale." Fox did not expect that Lei Hao would not ask about Oasis Securities. He was stunned for a moment and answered immediately. : "The process of the program went very quickly after some small efforts."
"When will it be released?" As long as there are no mistakes during the operation period, Lei Hao will not intervene in the work of Fox and others, he only wants the results.
"Any time!" Fox said firmly.
Fox had to put in a lot of effort to complete the company's bond issuance procedures within ten days, during which Alex's incident also happened.
But this was Lei Hao's request. Although Fox didn't know the reason, he would not delay at all. He immediately had the documents brought over and told them to Lei Hao.
"We put the capital account with HSBC in the United States. Forest does not have the authority to withdraw funds independently. The five-year coupon has an annual interest rate of 4%, plus floating interest related to the profit margin of the funds."
“According to LEI’s opinion, when the profit from the bond issuance project exceeds 10%, the excess 1% will be used as floating interest.”
"Several institutions are interested in subscribing for the first batch of bonds. Keda, HSBC, Standard Chartered and several Chinese institutions have expressed their willingness to underwrite, and they even prefer underwriting."
As Fox spoke, pride showed on his face.
I didn't know, but I was shocked. With Lei Hao here, Forest issued a ten-million-level bond, and unexpectedly... the supply exceeded the demand.
Even if they are only one notch away from junk bond ratings, those institutions seem to have seen triple-A securities being sold at junk bond interest rates, and relevant business leaders continue to express their intention to buy them.
Finally, he encountered something comforting, and Lei Hao had a smile on his face. Objectively speaking, there are some differences between the financial systems of China and the United States.
In China, it is more difficult and easier to raise funds than in the United States. What is difficult is the proportion of rules and human relationships. The reason why it is easy is the same. When human relationships are involved, rules and regulations can be broken through.
The United States also has these things, but his rules and regulations are wider. If circumstances permit, Lei Hao can let Forest sell bonds that exceed its own asset figures. In China, it is almost impossible.
"Are there any banks in Chinatown that want to underwrite our bonds?" Lei Hao asked, "Preferably the streets on the right side of Chinatown."
"Chinatown?" Fox recalled for a moment, shook his head and said, "No, boss, our current cooperation partners are the subordinate departments of institutions such as Keda, Goldman Sachs, and HSBC. Small banks cannot compete."
"Give the bonds to the commercial banks in Chinatown, I mean, to the neighbors of Yuhua Bank." Lei Hao snapped his fingers and said, "It's time for Forest to contribute to LEI's strategic layout. "
"OK, okay, I will contact these people." Fox recalled the distribution of commercial banks in Chinatown in his mind, then looked at his boss, and suddenly muttered, "Mr. Lei is Chinese after all, and giving away profits also gives up." When we go into the Chinese community, I have to remind Niya that it’s best to recruit more Chinese employees.”
Are Forest's bonds in demand? Of course popular.
Under the premise that the global economy is not very good, financial institutions want to spend money where they can make profits. Among institutions such as Keda, Goldman Sachs, HSBC, etc., their internal evaluation of Lei Hao should be very high, so Forest The supply of bonds is absolutely in short supply within a certain amount in the early stage.
Lei Hao's approach is also very simple. What would happen if he handed these bonds to Yuhua's neighbors for underwriting?
This will cause Yuhua's neighbors to consume some US dollars. With less money and higher profit expectations, these small commercial banks will work hard to win more depositors and offer better conditions, squeezing out Yuhua's living space. .
For Lei Hao, before there were commercial banks, Forest had no direct contact with the first-tier capital supply chain. The money was to be earned anyway, so it was feasible to use it to express something.
"Although I have fed them, if the effect is too good, especially if my acquisition of Yuhua is blocked, how will these guys react?" Lei Hao had a bad taste in his heart to plot against others.
If Forest's corporate bonds have super high interest income, the institutions that underwrite these bonds will definitely be happy. They can use this to expand their business and attract savers, and then turn around and see Forest's interest in themselves. Life and death, and then...what else to think about, please cooperate!
The amount of funds Lei Hao plans to raise is absolutely terrifying, but the initial amount is only 20 million. He is confident that the 20 million will grow rapidly, the coupon interest will increase, and everyone will see LEI's obvious ambitions. , and everyone is rushing to be a collaborator.
"The only disadvantage is that holding a controlling stake is fine, but you can't have more shares." Lei Hao sighed, "But as long as we can hold a controlling stake, most of the bank's valuation is actually calculated on the management team. According to my model , most of which are reflected in LEI’s achievements in the investment field, counting..."
"acceptable!"
"If we can't control more shares, Yuhua will not be the first choice! I want to take back the initiative!"
Lei Hao quickly made up his mind.
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