Chapter 624 (2/2)

70 percent. In terms of financial markets, it's only one level below percent.

”Get everyone moving and finish the materials and reports as soon as possible. This is the first game... We're going to play better.” Julie takes this issue seriously.

Whether rich countries can be recognized and gain a firm foothold in the investment field depends on whether they can successfully complete the FCA bond underwriting business.

In Julie's view, the best result is to sell all the bonds during the issuance period, and it is best to not let rich countries take any risks.

But if it doesn't, Wells Fargo can only buy the remaining unsold bonds at the end of the offering period, and then find suitable opportunities to sell them to new buyers or hold them themselves.

At the same time, Julie also wants to satisfy Chrysler. It is right for Chase Manhattan to give customers to them.

But whether it can be maintained and how long it can last depends on the ability of rich countries.

Don't think you just have to do a good job!

In order to satisfy his father, Fuguo sent six people to walk, shop and buy with his shareholders.

This time, Chrysler will issue $200 million bonds with a maturity of two years. The interest payment method is one-time payment at maturity, and the repayment method is also one-time settlement.

Rich country's handling fee is 24 million, a very objective income.

But in fact, the benefits they get are far more than that. We should know that the issuance will take a certain period of time, and the payment funds will be frozen before the amount reaches the expected total amount.These funds are frozen at Chase Manhattan, which typically lasts 12-14 weeks, about three and a half months.

That is to say, during this period, ”Manhattan chase” will have a total of $200 million more capital.

Maybe there are only tens of millions in the early stage, or the issue period is about to end.

But even if it is tens of millions, it can create great benefits for chase in three months.

Of course, the money also has to pay interest.

The cost of issuing corporate bonds is paid by the interest generated by freezing funds during the issuance period.

Under a series of measures, such as banning gold export, issuing national debt to provide loans for enterprises, devaluing currency and enhancing export competitiveness, the economy is growing rapidly.

The Fed's interest rate fell back to 2% from 3.6%.

For the savings bank, which is still in the division of business direction and grabs the market, Chase Manhattan has set an annual demand interest rate of 2.8%.

If the issue cost of financial bonds is less than the interest income generated by freezing funds during the issuance period, the difference is regarded as the premium income of issuing bonds.

If the interest generated from the freezing of funds during the issuance period is insufficient to cover the issuance expenses, and the difference is small, it shall be directly included in the current profits and losses.

That is to say, if the interest is high, even if it is the premium income from issuance, if the company needs to pay less, it will be directly included in the company's payment, and the profit and loss will be calculated after the year-end summary.

4 million for 200 million, whether the interest is enough or not is very cost-effective for enterprises.

In short, bonds are a very troublesome thing. They are far more complex than the stock market, let alone the so-called ”portfolio bonds.”

The combination of financial products can be so complex that even the insiders can't understand it. ”What's this particular thing about?”

This is just issuing. If you want to play a good bond market, you need not only a good brain, but also an excellent, large and professional team.

Otherwise, even if you are a fairy, you will have to sell underpants in the bond market.

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