Chapter 149 IPO of corporate bonds triggers subscription frenzy!
Monday, February 14th.
Today is Valentine's Day in the West. On my way to work, I see young ladies holding flowers from time to time.
Arouse the envy of passers-by.
Of course, some are thrown into the trash can. Each bunch of abandoned flowers represents a sad story. Sure enough, happiness is the same, but sadness is different.
When taking the elevator.
Zhang Shuo noticed that the TV in the elevator of Germination Building was actually playing an advertisement for WeChat.
Very speechless.
"What the hell, the enemies are already inside!"
As soon as he sat down in the office, Zhang Shuo called Jiang Yue and told him about the elevator TV commercial, "From now on, the elevator TV inside the Buya Building will only play promotional videos of the Buya series, and no more advertisements from outside."
If you don't make much money, it's easy to shake your military morale.
The gain outweighs the loss.
"Also, it's time for the property management company to rectify things. We've only been on the job for a few days and we've been making mistakes one after another."
Zhang Shuo thought about the exclusive elevator for senior executives again.
Li Feng also reacted to Zhang Shuo privately, saying that since the removal of short-term rental tenants from the Moe Ya Building, parking for Moo Ya employees has become increasingly irregular.
Some occupy two parking spaces, and some use public parking spaces as private parking spaces.
Some even park their cars directly in the square on the ground, and they really regard the Sprout Building as their own territory.
Come however you want.
The management and control of the property is obviously substandard.
"Don't worry, I will take care of it."
The property company is a subsidiary of Germinal Real Estate. Incidents like this have happened one after another. As the direct supervisor of the property company, Jiang Yue is having a hard time.
"Of course I can rest assured when you do things."
Zhang Shuo fully trusted Jiang Yue and knew that these things had nothing to do with her.
It's because the property management company hasn't turned a corner yet. For example, the elevator TV advertising business is usually rented to external parties. It must be done by previous partners.
"The company's financing has made progress." Jiang Yue took the opportunity to report.
"Tell me."
Zhang Shuo liked Jiang Yue's efficiency.
"I have contacted a securities firm, and my initial intention is to issue a one-year corporate bond with a total amount of 200 million, mainly to supplement the company's liquidity. Because this is the first time that the company has issued a corporate bond, the credit rating is low.
The annual interest rate is basically set according to the upper limit, and it is temporarily recommended to be 4.85%. What do you think?"
The interest rate of corporate bonds is not set casually, there are special official regulations.
The lower limit of the interest rate is the bank's savings deposit interest rate for the same period.
Currently it is 3.5%.
This is easy to understand, because the risk of investing in corporate bonds is obviously higher than that of bank savings. If the return cannot be higher than that of bank savings, then who will buy corporate bonds?
In addition to the lower limit, there is also an interest rate upper limit.
That is, the interest rate on corporate bonds must not be higher than 40% of the bank's interest rate on resident savings time deposits of the same term, which is currently 4.9%.
If the interest rate is too high, there is a great risk of default.
"Can!"
Zhang Shuo agreed directly.
Although this means that in one year alone, Mei Ya will have to pay a huge interest of 9.7 million for this corporate bond, but it is still worth it.
It is only slightly worse than a bank loan, and far better than getting a bridge loan from a financial company.
The current situation is not to say that it is short of 200 million emergency funds. It has reached the point where it is completely unable to turn around. In essence, it is still an advance amount.
This is also a common practice among many companies.
When the company's capital situation is good and there is no shortage of money, appropriate issuance of corporate bonds will not only be easily subscribed, but also continue to increase the liquidity of the company's funds.
If you really have to wait until the company's books are completely wiped out and wait for the issuance of bonds to save its life, it is often already too late.
It is very likely that there will be an embarrassing situation where no one subscribes.
Even if there were investors who subscribed, they would probably be severely punished.
The gain outweighs the loss.
"Can the market digest the issuance of 200 million bonds at once?" Zhang Shuo was a little worried.
It would be embarrassing if no one subscribes.
"I suggest that the company publish an internal document to encourage employees to subscribe. I will take the lead and prepare to subscribe for 5 million." Jiang Yue is indeed a rich woman.
"It's OK to issue a document, but it's up to the employees' volition whether they want to subscribe or not. We won't force the apportionment." If that doesn't work, Zhang Shuo will at worst ask the newly established Fenglei Fund to also subscribe for part of it.
"That's okay, there should be many people subscribing." Jiang Yue is still relatively optimistic.
From Zhang Shuo's point of view, it is of course better to use money to buy houses or stock stocks than to buy corporate bonds, but who has such a "prophetic vision" like him?
For ordinary employees, compared with putting money in the bank to earn meager current interest, or investing in the stock market to pay for tuition, purchasing corporate bonds issued by their own company is actually a more affordable way to manage their finances.
Basically, it's a guaranteed profit without loss.
After all, with its budding size and only issuing 200 million bonds, there is no chance of a thunderstorm.
This is why Jiang Yuehui is so active in subscribing. With their family’s assets and net worth, portfolio investment is also one of the main means of risk sharing.
Never put your eggs in one basket.
Moreover, for most employees, even the housing prices in Binhai City in 2011 were already an unattainable ceiling, and they basically gave up the idea of buying a house in Binhai City.
…………
After talking to Jiang Yue, Zhang Shuo called for Luo Changan who had just finished his vacation.
"I've been working hard lately!"
Zhang Shuo personally poured tea for Luo Changan.
Since joining Sprout Holdings, Luo Changan was first sent to the capital without stopping, and then to the beautiful country. He stayed in the company for less than two days in total.
"Actually it's not bad."
Luo Changan was obviously a little cautious, after all, he had not been with Zhang Shuo for a long time.
It hasn't been adjusted in place yet.
After completing the acquisition of Ruiwen Studio, and given that Qingcheng Retail had tentatively decided on the acquisition plan of retail companies, the investment and M&A department headed by Luo Changan suddenly became quiet.
The only job at the moment is to assist Qingcheng Technology in completing the investment investigation report on the group buying website, and provide professional decision-making reference opinions for Qingcheng Technology’s subsequent acquisitions.
This chapter is not over, please click on the next page to continue reading! It is very tedious and full of uncertainty.
Because the group buying war is in full swing, it is not yet known which websites will survive, so it is naturally impossible to confirm the specific acquisition targets.
We can only cast a wide net.
Even Zhang Shuo, a reborn person, cannot remember so many group buying websites. The only ones he knows by name are a few leading group buying websites such as Moutuan, Lashou, and Wowo.
Basically of no reference value.
"I have an investment list here. Take it and complete the investment investigation report as soon as possible."
Zhang Shuo handed over an A4 piece of paper, which listed some of the unicorn companies in the Central Plains time and space that he remembered, which were also important references for Germination's future investments.
"so much?"
Luo Changan scanned it carefully, his scalp felt numb.
There are more than twenty unicorn companies listed above, involving e-commerce, new energy, food and beverages, sharing economy, artificial intelligence, consumer goods, biotechnology, entertainment, semiconductors, new retail, software services, enterprise services, health technology, etc.
each field.
If we really want to invest all of it, we will definitely not be able to get even 20 to 30 billion.
The premise is——
We also need these unicorn companies to be willing to accept investment.
Since it is a unicorn, it is definitely more willing to accept investment from professional venture capital and investment banks, or giants like Tenda, Ali, and Qiandu.
In addition to giving money, can Sprout provide any other benefits to these unicorn companies?
Weixin’s traffic hasn’t increased either.
It also faces the challenge of the rising star WeChat, and whether it can survive is still unknown.
"I didn't say that I have to invest. I just want the Investment and M&A Department to issue a professional investigation report. I need to have a more intuitive understanding of the development status of various emerging industries." Zhang Shuo explained.
The information he can learn about the original time and space has been filtered and filtered layer by layer.
Except for a few unicorn companies, such as Wujiang, which have really mastered core technologies, are the other so-called unicorn companies real unicorns or just fools?
Zhang Shuo knew nothing.
If you don't investigate clearly, how can you dare to take action easily?
Even if you want to implement a poison pill plan, you must be very careful. You can't say that you haven't fattened up the unicorn before it was hit by a thunderstorm and hit your own hands.
With the current financial strength of Germination, Zhang Shuo is not allowed to be so wasteful.
"so."
Luo Changan also quietly breathed a sigh of relief and agreed happily.
Producing monthly industry survey reports for Zhang Shuo's decision-making reference was originally one of the main tasks of the Investment and M&A Department. Now, Zhang Shuo has just made the survey objects more concrete.
Essentially, it narrows the scope of the investigation for the Investment and M&A Department, which is a good thing.
Just very confused——
“How does the boss screen out these unicorn companies?”
Luo Changan noticed that the more than two dozen unicorn companies listed above not only have a variety of industries, but are also registered in different places.
In addition to Binhai City itself, there are also places like Yangcheng, Magic City, Jingshi, Jianye and other places.
It is true that the supernatural powers are vast.
But doubts were doubts, and he didn't dare to ask him face to face.
…………
As soon as Luo Changan left, Chen Xiaowan came in with a smile and put away the tea sets.
Although she was promoted to the director of the President's Office, she was still serving as Zhang Shuo's administrative secretary. Anyway, the President's Office only served Zhang Shuo.
There is no need to ask for another administrative secretary.
Unless Zhang Shuo has "changed his mind" and likes the new but hates the old, and wants to arrange another itchy little secretary in the office to look at the long legs in black stockings and cultivate his sentiments.
"What are you so happy about?"
Zhang Shuo noticed that the little secretary walked lightly, "Did you win the lottery?"
"Isn't the company going to issue corporate bonds? I'm going to subscribe for 200,000." Chen Xiaowan rarely showed off her wealth.
"That's it."
Zhang Shuo looked strange and asked doubtfully: "Can you come up with 200,000?"
He knows that, despite the high salary of the little secretary, in the end he is basically a paycheck to paycheck. After a year, the only savings is the year-end bonus paid at the end of the year.
"I'm going to borrow a little more from my family." Chen Xiaowan didn't hide it.