ROEWR :: Volume #6

#580: Enterprise bond


LNMTL needs user funding to survive Read More

Hospital. 医院。 Li Dong hangs up the telephone, frowns slightly. 李东挂断电话,微微皱起眉头。 The never expected that Longhua influence is so big, that side the bank stretches the rules not to stretch the rules unexpectedly, this does not conform to the attitude of banking industry. 没想到龙华影响力这么大,银行那边居然连通融都不通融,这可不符合银行业的作风。 The green space is not the young customer, let alone the industrial mortgage, was easily rejected the merger and acquisition proposition, perhaps Longhua has not little bled. 绿地又不是小客户,何况还有产业抵押,就这么轻易被否决了并购提议,恐怕龙华也没少出血。 Spat a foul air gently, Li Dong calculated secretly. 轻轻吐了口浊气,李东暗自盘算了起来。 1.6 billion, he cannot take now actually not, before he prepared 1.5 billion funds, now the supermarket cooking oil is producing goods massively, puts out one hundred million not to have the issue. 十六亿,他现在倒不是拿不出来,之前他就准备了十五亿的资金,现在超市粮油正在大规模出货,拿出一个亿还是没问题的。 Just like but such that Wang Pengfei thinks, once puts out 1.6 billion cash now, some Li Dong really great stress. 可正如王鹏飞想的那样,一旦现在拿出十六亿的现金,李东是真的有些压力巨大了。 In the next three months, he must pay in full the green space remaining 800 million and purchase price. 未来三个月之内,他得付清绿地剩下的八亿并购款。 Other also has land for building 2 billion, Longhua 1 billion, that side the supermarket developed three province markets to be reassigned five hundred million to come out by him, then must make up, the commercial city and logistics company were also similar. 其他的还有地皮款二十亿,龙华十亿,超市那边开拓三省市场被他抽调了五个亿出来,回头也得补上,商城和物流公司也差不多。 In addition must the time ago loan and the purchase price, puts together 5 billion that far more than Wang Pengfei calculates, 6 billion enough! 再加上还得还时代之前的贷款和并购款,加在一起何止王鹏飞算的五十亿,六十亿都够了! But distant current source of funds, merely only then the supermarket gains. 而远方目前的资金来源,仅仅只有超市盈利。 But three province markets have not developed, the time falls into southern Jiangsu that big mire, at present solely depends upon a profit of north of the Changjiang River place, three months can have 300 million to be good. 可三省市场没开发,时代陷入苏南那个大泥潭,目前仅仅依靠江北一地的盈利,三个月能有三亿就不错了。 Begins these more than ten again hundred million, collects also 2 billion. 再加上手上这十几个亿,凑凑也才二十亿。 In other words, Li Dong within three months must raise 4 billion funds at least. 也就是说,李东三个月之内起码得筹集四十亿的资金。 Even if sold the stock on hand, he cannot spend so much money, only if then can return to warmer weather the moon/month real estate market, in like his hand also one batch of real estate add on the real estate of green space, can sell probably about 2 billion. 就算卖了手上的股票,他也拿不出这么多钱,除非接下来个把月楼市能回暖,这样他手上还有一批房产加上绿地的房产,大概也能卖个二十亿左右。 But can the real estate market return to warmer weather in a short time, this is very difficult to guarantee. 可楼市能不能在短时间内回暖,这个真的很难保证。 Li Dong knits the brows, is helping Shen Qian who he tidies up the clothing ask: What's wrong?” 李东皱眉,正在帮他收拾衣物的沈茜不由问道:“怎么了?” Bank does not agree with Pengfei to merge, or the credit repayment, must not only be able to change into Longhua.” “银行不同意鹏飞并购,要不偿还贷款,要不只能换成龙华。” Bank manages is very wide.” Shen Qianlve taunted obviously: „ permits Shengzhe now condition obvious some are not right, dependent schemes and tricks. The enterprise development, is only insufficient by the plot, sometimes open and aboveboard is the kingly way. “银行管的还挺宽。”沈茜略显嘲讽道:“许圣哲现在状态明显有些不对,过于依赖阴谋诡计了。企业发展,光靠阴谋是不够的,有时候堂堂正正才是王道。 The schemes and tricks are only the supplementary, rather than mainstream, after permits Shengzhe, perhaps will suffer a loss. ” 阴谋诡计只是附带的,而不是主流,许圣哲以后恐怕会吃大亏。” „Does he suffer a loss I not to know, but I know that my present issue are many. The multi- disbursement 800 million cash flows, me somewhat were all of a sudden troublesome.” “他吃不吃亏我不知道,不过我知道我现在的问题不少。一下子多支出八亿现金流,我这边有些麻烦了。” That present what to do?” “那现在怎么办?” Shen Qian somewhat is also awkward, thinks saying: „ Distant place indeed is somewhat hard to start now, fund shortage extremely serious. But the collection fund, is the large fund, the means that at present can think are not many. 沈茜也有些为难,想了想道:“远方现在的确有些举步维艰,资金短缺的太过严重。而筹集资金,还是大额资金,目前能想到的办法不多。 First, prepares to go on the market. 第一,筹划上市。 However this need time preparation, let alone you not necessarily want, therefore the operation distant place goes on the market is not quite feasible. 不过这个需要时间准备,何况你不一定愿意,所以运作远方上市不太可行。 Second, looks for the bank loan. 第二,找银行贷款。 This actually, the ICBC that side and Longhua cooperation many years, the relations are extremely thorough, we can not need to look, but we also cooperated for several years with Construction Bank, the loan should be able to loan a point. 这个倒是可以,工行那边和龙华合作多年,关系太过深入,我们可以不用去找,不过我们也跟建行合作几年了,贷款应该还是能贷一点的。 However the quota possibly does not have high that we imagine, after all the bank is not we opens. 不过额度可能没我们想象的高,毕竟银行也不是我们开的。 Third, looks for the private equity. 第三,找私募基金。 At present this probably is simplest easily, distant these two years profits are good, before some people asked us to discuss. 这大概是目前最简单也最容易的了,远方这两年的盈利还是不错的,之前就有人找我们谈过。 Now the distant place expands, looks for the private equity to collect a fund, should the issue not be big. ” 现在远方扩张,找私募基金筹集一笔款子,应该问题不大。” Li Dong knits the brows: „ Private equity that side I know, previous time I have seen a manager of fund association. The condition that they pledge is to participate in the management, in addition must control some stockholder's rights. Because stockholder's rights these fellows said that can redeem, my actually not too big opinion. 李东皱眉道:“私募基金那边我知道,上次我见过一个基金协会的经理。他们开出的条件是要参与管理,另外还要掌控部分股权。股权方面因为这些家伙说能赎回来,我倒是没太大意见。 But they participate in the management, me what to do? 可他们参与管理,那我这边怎么办? Were many third party to gesticulate, the company cannot defer to my wish to revolve again completely, this I was unacceptable. ” 多了第三方指手画脚,公司就不能再完全按照我的意愿运转,这点我是不能接受的。” Shen Qian some, helpless said: „ To probably pay, your anything does not want to pay, thinks that others lend you to use the big funds, clarifying was impossible. 沈茜有些无奈道:“想要得到总得付出,你什么都不想付出,就想别人把大笔资金借给你使用,摆明了不可能。 Naturally, actually according to your wish, our also road may walk. ” 当然,其实按照你的意愿,咱们还有一条路可走。” Li Dongwen said is interested saying: What road? Beforehand reaches an agreement, the stockholder's rights are lost me not to want, the authority I also to grasp in the hand.” 李东闻言感兴趣道:“什么路?事先说好,股权旁落我是不愿意的,管理权我也得抓在手里。” You are only meddlesome! However this means that but also really can meet your request.” “你净想好事呢!不过这办法,还真能满足你的要求。” This saying said Li Dong some not to believe, actually he knows oneself request was severe, did not ask the meeting big pen of return to lend money except for Shen Qian this type to him, who is also willing to do this matter. 这话说出来李东自己都有些不相信,其实他知道自己的要求过于严苛了,除了沈茜这种不求回报的会大笔借钱给他,谁还愿意干这种事。 But Shen Qian then actually clears up suspicions to say for him: Has heard the enterprise bond?” 可沈茜接下来却是为他释疑道:“听说过企业债券吗?” Li Dongyi listens to say on the look twinkle: Has heard, did you say?” 李东一听就眼神闪烁道:“听说过,你是说?” Right, we can prepare, can look through the verification, issue enterprise bond of a number of distant places. This thing will not share your stock, will not have the third party to meddle our management. “对,咱们可以准备准备,看看能不能通过审核,发行一批远方的企业债券。这东西既不会分摊你的股份,也不会有第三方插手我们的管理。 Only needs to do undertakes part of interest, but the issue term is somewhat harsh, in addition our distant place now the fame is not very big, can have the audience also to say difficultly. 唯一需要做的就是承担一部分利息,不过发行条件有些苛刻,再加上咱们远方现在名气还不够大,能不能有受众也难说。 The bond of if issuing no one subscribes, that made fun. ” 如果发行的债券没人认购,那就闹笑话了。” Shen Qian following words Li Dong has not paid attention to listen, but muttered: Enterprise bond...... enterprise bond......” 沈茜接下来的话李东没注意听,而是喃喃自语道:“企业债券……企业债券……” This noun he first time was not heard, before noticed. 这个名词他不是第一次听说了,以前就注意到一回。 That is in March of this year, he has discussed a feasibility of debenture bond with Sun Tao accidentally. 那是今年三月份,他无意中和孙涛探讨过一次公司债券的可行性。 Naturally, he did not discuss this for no reason. 当然,他不是无端讨论这个。 In March 06, China Resources has issued face value 3 billion debenture bonds. 06年3月,华润就发行过一笔面值三十亿的公司债券。 At that time the bond that China Resources issued was then digested by the market quickly, this made Li Dong envy one, envied was not only China Resources easily raised 3 billion funds. 当时华润发行的债券很快便被市场消化,这让李东着实羡慕了一阵,羡慕的不仅仅是华润轻易筹集了三十亿资金。 Is opposite party of credibility! 更是对方的公信力之强! The trivial nominal rate 4.05, high are so little than the bank interest, such release interest rate, can be digested by the market unexpectedly rapidly, this scene is the achievement that the distant place is unable to achieve at present by far. 区区票面利率4.05,比银行利息就高那么一点点,这样的发行利率,居然还能迅速被市场消化,这种场景是远方目前远远无法达到的成就。 Now listens to Shen Qian to mention this suddenly, Li Dong thought of China Resources all of a sudden. 现在陡然听沈茜说起这个,李东一下子就想到了华润。 Talked during sleep, Li Dong look twinkle said: Distant place? At present the enterprise of domestic issue debentures, listed enterprise, or is the state-owned enterprise. The distant place is only the private enterprise, the shareholder is only then my can, verify through NDRC?” 呓语了一阵,李东眼神闪烁道:“远方可以吗?目前国内发行债券的企业,要不是上市企业,要不就是国有企业。远方只是民营企业,股东更是只有我一个,能通过发改委审核?” Province NDRC here issue is not big, the country that side was difficult to say. Also, the release main body of enterprise bond must be the joint-stock company or the state-owned enterprise, if we think that the smooth issue debentures, must change the corporate system, from Co. , Ltd. changes for Co. , Ltd . “省发改委这边问题不大,国家那边难说。还有,企业债券的发行主体必须是股份公司或者国有企业,如果咱们想顺利发行债券,必须更改公司体制,从有限责任公司更变为股份有限公司。 As the matter stands, you must in making a move some stocks. 这样一来,你得拿出手中部分股份。 Naturally, this is only change formally, you can place the uncle and aunt's head the stock, these issues should not be big. ” 当然,这只是形式上的变化,你可以将股份放在叔叔和阿姨的头上,这些问题应该不大。” If we verified to pass, how many bonds the distant place can issue?” “那如果我们审核通过了,远方能发行多少债券?” According to the stipulation, can only issue that is not higher than the enterprise net assets 40 bonds, the distant place now the net assets about 7 billion, are i.e. highest also can only issue about 2.8 billion bonds. In fact 40 this points are very difficult to achieve, strive to issue to 30, distributes 2 billion probably is hopeful.” “按照规定,只能发布不高于企业净资产40的债券,远方现在净资产在七十亿左右,也就是说最高也只能发行二十八亿左右的债券。实际上40这个点很难达到,争取一下达到30,大概发行二十亿还是有希望的。” 2 billion......” “二十亿……” Li Dong calculated, if really can pass, raises 2 billion funds one time, oneself were more relaxed. 李东盘算了一下,如果真能通过的话,一次性筹集到二十亿的资金,那自己就轻松多了。 In addition the company can also collect at present probably 2 billion, in other words unmet need merely in 2 billion. 加上公司目前大概还能凑个二十亿,也就是说资金缺口仅仅在二十亿之间了。 When the time comes stock leverage, the real estate returns to warmer weather, oneself process one casually, can satisfy the call for fund of distant place. 到时候无论是股票套现,还是房产回暖,自己随便处理一项,就能满足远方的资金需求。 Moreover bond thing is also easy-to-use, 2 billion bonds, what China Resources issues is 15-year. 而且债券这玩意也好用,二十亿债券,华润发布的是15年期的。 The distant place issued that some long-term not necessarily people are willing to start, but is short-term, some three-year five-year people can accept probably. 远方发布长期的不一定有人愿意入手,可短期的,三年期五年期大概还是有人能接受的。 Good that after all the distant place develops in the two years, within 35 years, the distant momentum should not be weak. 毕竟远方这两年发展的不错,三五年之内,远方势头应该不会弱下来。 The words of interest rate, are more 15-year than lowly China Resources, according to 4 interest rates calculates, one year also 80 million interest. 利率的话,比华润15年期低一点,按照四的利率算,一年也才八千万的利息。 80 million release three years, that is 240 million, in addition issuance cost not over three hundred million. 八千万发行个三年,那就是两亿四千万,加上发行成本不会超过三个亿。 With three hundred million expenses, received in exchange for 2 billion floating capital helping itself go through the difficulty, unashamedly overdrew 2 billion uses, actually to developed the distant place rapidly is cost-effective. 用三个亿的费用,换取二十亿的流动资金帮自己度过难关,毫无顾忌地透支二十亿使用,其实对急速发展中的远方还是划算的。 Pondered one, Li Dong opens the mouth saying: That line, we take this road! Then you are responsible for this matter, the company will coordinate all your actions, raises 2 billion funds , helping us now very in a big way. However three months, can complete?” 沉思了一阵,李东开口道:“那行,咱们就走这条路!接下来你就负责这事,公司会配合你一切行动,筹集二十亿资金,对我们现在帮助很大。不过三个月时间,能完成吗?” Shen Qian thinks saying: „ In province we can make them pick up the speed, that side Capital City was not quite easy, but I make my father look for several friend help to urge when the time comes, the issue probably is not very big. 沈茜想了想道:“省里面我们可以让他们加快速度,京城那边就不太容易了,不过到时候我让我爸找几个朋友帮忙催促一下,问题大概不是很大。 Is the issue of guarantee side, if there is a bank to be willing for us to guarantee, I think that three months should be possible. 还有就是担保方的问题,要是有银行愿意为我们进行担保,我想三个月应该还是可能的。 I then look for that side Construction Bank to chat, in the two years we and they cooperate comprehensively, the floating capital of distant place passes through Construction Bank including the supplier fund completely, making the issue that they guarantee should too to be not big. 我回头找建行那边谈谈,这两年我们和他们全面合作,远方的流动资金包括供应商款项全部通过建行流转,让他们担保的问题应该不算太大。 Finally distributes the listing issue, because we are not the listed companies, therefore cannot be listed to trade through the exchange. 最后就是发行上市问题,因为我们不是上市公司,所以不能通过交易所挂牌上市交易。 Cannot the trade, that only be able to depend on our road show, such audience little. 不能上市交易,那就只能靠我们自己路演了,这样受众会少很多。 I feared that fears...... ” 我怕就怕……” Feared that nobody will ask?” “怕无人问津?” Li Dongyi language said her worry, once the bond of distant release nobody will ask, that goes on the market with the company, the stock price will drop sharply. 李东一语道出了她的担忧,一旦远方发行的债券无人问津,那就跟公司上市似的,股价会大跌。 The distant place is the private business, has not gone on the market, did not fear actually what stock price does fall. 远方是私企,又没上市,倒是不怕什么股价跌不跌的。 Was underestimated as for the market value, Li Dong actually also indifferent. 至于市值被低估,李东其实也无所谓。 Mainly feared that causes the chain crashing effect, once the bond of distant place nobody will ask, the people will have the question to the credibility of distant place. 主要就怕引起连锁崩盘效应,一旦远方的债券无人问津,民众就会对远方的公信力产生质疑。 The ordinaries questioned that relations are actually not big, can with the supplier of distant cooperation? 普通群众质疑那关系其实也不大,可和远方合作的供应商呢? And the real estate company that side reputation will also be attacked significantly, issue that these have to consider. 以及地产公司那边名声也会遭受重大打击,这些都是不得不考虑的问题。 The Shen Qian slight nod said: I am worried about this point. After all we are only the private businesses, without China Resources also has other enterprise such, the back has the state guarantee. If we cannot put out the nice guarantee, others may not accept our bonds.” 沈茜微微点头道:“我正是担心这一点。毕竟我们只是私企,没有华润还有其他企业那样,背后有国家保证。如果我们拿不出像样的保证,别人不一定会接受我们的债券。” Li Dong knocked the finger gently, thinks saying: If the distant place does make a big movement in a short time? For example three province markets, the purchase green space, these can increase the credibility of our enterprise, if at this time we issued again some big plans, our fame will rise dramatically in a short time right?” 李东轻轻敲了敲手指,想了想道:“如果短时间内远方作出一番大动作呢?比如三省市场开拓,收购绿地,这些都能增加我们企业的公信力,这时候要是我们再发布一些大计划,咱们名气会短时间内飙升对吗?” Shen Qian knits the brows: Big plan? You thought that we do plan not is very big? If you have the big movement, best slowly, we really could not support at this time. The bystanders may not understand, perhaps they will also feel us to aim too high, was worried.” 沈茜皱眉道:“大计划?你觉得咱们计划还不够大吗?你要是还有大动作,最好缓缓,这时候我们真的撑不住了。外人也不一定会理解,说不定他们还会觉得我们好高骛远,更加担心了呢。” This but actually is also.” “这倒也是。” Li Dong is somewhat helpless, sighs: That what to do?” 李东有些无奈,叹息道:“那怎么办?” Yeah, tries to find the solution when the time comes again, after all now we are also only a plan, can through the verification of SRC and NDRC perhaps.” “哎,到时候再想办法吧,毕竟现在咱们还只是一个计划,能不能通过证监会和发改委的审核都说不定呢。” Li Dongyi listens also to feel oneself somewhat had groundless fears, the nod said: Plan is first conducted, concrete passed said again. If verifies is intransitable, now plans many again also useless, really waited to pass, I tried to find the solution again.” 李东一听也觉得自己有些杞人忧天了,点头道:“计划先进行吧,具体的等通过了再说。要是审核不能通过,现在计划再多也没用,真等通过了,我再想办法。” The marketing planning plan, Li Dong who came from the later generation has also seen many successful cases. 营销策划方案,从后世来的李东也见过不少成功的案例。 The thing of being worth a red cent, others can sell the sky-high price. 一文不值的东西,别人都能卖出天价。 Let alone the distant place has not been worth a red cent, the good and evil is also the large-scale groups of 10 billion assets, other place does not dare saying that in north of the Changjiang River piece, the distant place is a little mass base. 何况远方还不是一文不值,好歹也是百亿资产的大型集团,别的地方不敢说,在江北这一片,远方还是有点群众基础的。 When the time comes so long as the plan does good, 2 billion actually really must say that does not calculate too, cannot certainly plan. 到时候只要策划做的好一点,二十亿其实真要说起来也不算太多,也不是一定就筹不到。 Temporarily places one side this matter, Li Dong also said: „ No matter can pass, the merger and acquisition green space had arrived this step, I definitely cannot drop. Then I make Wang Pengfei go about something with a free hand, then we are ready that makes a great effort. 暂时将这事放在一边,李东又道:“不管能不能通过,并购绿地已经到了这一步,我肯定不能放手。回头我就让王鹏飞放手去做,接下来咱们做好勒紧裤腰带的准备。 So long as endured over the following several months, the future of distant place will certainly light! ” 只要熬过了接下来几个月,远方的前途必将一片光明!” Shen Qian looks that he waves to shake the arm, the appearance that vitality sends, in the eye reveals infatuated. 沈茜看着他挥手震臂,那副朝气蓬发的样子,眼中不由露出一丝痴迷。 Such Li is Dong, not just the reason that she is infatuated with? 这样的李东,不正是她迷恋的原因吗? The temporary difficulty is anything! 一时的困难算什么! Just like Li Dong said that once merged the green space, completes big layout that three provinces developed, the supermarket and real estate kept pace, in addition the commercial city and logistics caught up, the distant prospect inevitably was light. 正如李东所言,一旦并购了绿地,完成三省开拓的大布局,超市和地产并驾齐驱,再加上商城和物流发力,远方前景必然是一片光明的。 Now, perhaps the distant place is beset with difficulties, but the distant place also has Li Dong, oneself, one day, she will make everyone know, even if not depend upon anybody, the distant place can also walk is very very far! 现在,远方也许困难重重,可远方还有李东,还有自己,总有一天,她会让所有人知道,哪怕不依靠任何人,远方也能走的很远很远! When the time comes, who also dares saying that what Li east to is only the luck? 到时候,谁还敢说,李东靠的只是运气? He is not a vagabond, big suddenly/violently ox who also cannot only have a fit of temper, he is Li Dong, Li Dong who no one can replace! 他不是二流子,也不是只会发脾气的大暴牛,他是李东,无人可以替代的李东! ps: New book «My Backer who traces to the origin the friend Is Hell», the high-quality author, was on this book is been harmonious, now fights the rivers and lakes again, believes that will not disappoint everyone. ps:推本朋友的新书《我的靠山是地府》,精品作者,就是上本书被和谐了,如今再战江湖,相信不会让大家失望。
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