Chapter 594 (1/2)
Since he decided to go to the capital, Li Dong did not delay.
After a brief treatment of the matter at hand, Li Dong went out of the office and prepared to go to Shen Xi to give instructions.
Just out of the office door, Bai Su on the side of a little uneasy way: ”Mr. Li, just me...”
Li Dong saw her submissive, slightly frowned and said, ”what happened to Meng Qiping?”
”Next time he comes, what to do and what to do, not at school.”
After finishing this sentence, Li Dong was ready to leave. After thinking about it, he turned back and asked, ”are you still used to it?”
Bai Su quickly nodded his head and said: ”at first, some chaos, Ke elder sister often taught me, now quite used to it.”
”That's good. Don't learn from fat people. Do well.”
Li Dong encouraged a word, also did not say more, in Bai Su complexion complex toward Shen Qian's office not far away.
……
When she heard that Li Dong was going to the capital, Shen Xi didn't show any expression.
He just said, ”corporate bonds are now being prepared. Yesterday, I communicated with the provincial government, and there should be no problem here.”
Li Dong nodded his head and said, ”that's good.”
”But...”
”But what?” Li Dong frowned and said, ”is there any difficulty?”
After thinking for a while, Shen Xi organized her words and said, ”CCB agreed to provide us with full, unconditional and irrevocable joint and several liability guarantee, but they also made a condition that CCB should assume the lead underwriter of our bond issuance.
Because the face value of the bonds issued is more than 50 million, we need to form an underwriting group, and other institutions of the underwriting group are also selected by CCB, so we have no right to refuse.
What's more, CCB only provides us with bond sales on a commission basis, not on an exclusive basis... ”
After listening for a while, Li Dong frowned slightly and said, ”I don't quite understand what you said, but I understand it roughly. What's the difference between underwriting and consignment
”There are so many differences. Underwriting means that at the beginning of the issue, the Underwriters will buy the bonds in full with their own funds, and then sell them to the public.
Even if we can't sell them, the Underwriters will eat all our bonds.
Can sell on behalf of a word you should understand, underwriters only for us to sell, can sell how much, they are not responsible for.
You know, I'm worried about this... ”
Li Dong rubbed his temple, a little irritable way: ”CCB does not trust us?”
”Not really. After all, we are going to issue a large amount of bonds this time. If they underwrite, they are likely to eat more than two billion worth of bonds. And the ability to resist risks from afar I'm afraid it didn't meet their expectations. ”
”Shit!”
Li Dong burst out a rude word, hate hate hate way: ”not look down on us! How long have I been working with them? Every year, the amount of running water in the distance of CCB is as high as 10 billion yuan in 2006! Now it's only two or three billion bonds. Can't I even afford it? ”
After swearing and complaining, Li Dong asked again, ”what about the underwriter?”
Shen Xi shook her head and said: ”if we change the underwriter, it is not necessarily that banks or securities institutions are willing to provide us with collateral free guarantee, but CCB is willing to provide guarantee for us, which is an exception.”
”So now I can only choose the way of consignment?”
”Well.”
Shen Xi answered and said, ”this means that even if everything goes well and we pass the audit, we have to rely on our own efforts to make the public accept our bonds. Otherwise, if we can't sell it, we won't be able to raise a lot of funds, not to mention, we will waste a lot of pre budget funds.
In addition, I told you before that once our bonds are blocked, there may be a chain reaction. ”
Li Dong shook his head and said, ”I'm not too worried about this. You also attended the new year's day meeting. The debt is not high in the distance. I didn't spend much money on the payment for goods and shopping vouchers, which was not included in the company's running water.
Even if the collapse effect does occur, the debt in the distance will only be about 2 billion, except for the 4 billion that will be due soon.
When I get there, I'll put the money together even if I sell iron
Li Dong comforted her a few words, and then said, ”what should I do next?”
”I'll arrange the next thing. I'll arrange audit institutions and credit institutions to review and grade. These two points are not big problems. The most important problem is the audit problem. On the provincial side, the problem is not too big. Duan Yong knows Duan Yong. I mentioned it to him. Duan Yong said to go back and ask his father. He called me in the morning and said that as long as the application materials were OK, he was sure to pass through the province.
The rest is the national development and Reform Commission. I'm afraid it's a bit troublesome. ”
”Didn't you say that uncle Tu had friends over there?”
Shen Xi sighed softly, ”my father doesn't approve of us issuing bonds. I don't hope to ask him for help in this matter.”