Bulgarian Empire

Ferdinand nodded, he knew the situation, I am afraid it will be worse than the Ministry of Finance estimated! He said without emotion: Well! I know, the royal family will take the lead in buying 5 million levs, and you can only find a way for the rest!!

...

After leaving the palace, Kennedy's mood suddenly improved a lot. With the support of Archduke Ferdinand, the first batch of bonds was sold by 1/10 before it was listed.

With the leading role of the royal family, how can the capitalists express it, and then call on the people to buy, and more than half of the domestic sales can be sold, so the subsequent sales pressure will be much less.

In fact, the news that the Bulgarian government wants to issue bonds has already spread. That is to say, most of the world is still in an economic crisis, which has restrained the energy of many consortiums, otherwise they would have been sharpening their knives long ago.

The scene that Kennedy envisioned did not occur. After the invitation letter from the Treasury Department was sent, most banks were dismissive. Are you all busy shearing wool at the moment?

How much profit are ordinary commercial bonds? Besides, the current economic situation is not good, who can you sell them to? If you buy it yourself, and you have the funds, why not buy the dips?

There were far fewer banks participating in the competition for agency qualifications than expected, and none of the major international banks came.

At this moment, the Ministry of Finance is embarrassed. Although there are more than a dozen banks in name, but in terms of strength, the top three are actually local banks. These three are very face-saving, and they are all presidents! !

They are: Karl from the Royal Bank of Bulgaria, Victor Ivanlov from the Union Bank of Bulgarian Industry and Commerce, and Nicholas from the National Bank of Bulgaria.

There is no doubt that the first two are Ferdinand's properties, but the first is public and the second is hidden!

In order to show the importance attached to the tender, Prime Minister Constantine also came to the scene in person. He was also dumbfounded, not to mention bidding, that is, all the banks that came to join in, and they were able to eat the first batch of bonds, thank God! !

In desperation, he could only turn his attention to the Minister of Finance, hoping that he would have a solution. Constantine asked in a low voice, Kennedy, what should I do now?? Where did these banks come from? How come I've never heard of it!!

Kennedy smiled bitterly and said, Not only have you never heard of it, but I have never heard of it!! I said it well before, who knows why those vampires would suddenly stop coming!! Or, instruct the National Bank to come forward. What’s the bottom line?? Anyway, let’s get through this first, and then let’s keep the government’s credibility!!”

Constantine was silent for a while, and then said fiercely: Since this is the case, it is the case anyway, and there is no need to continue the negotiation, so let's just announce our conditions!! If you love it or not, you can't count on it anyway!

Kennedy gritted his teeth and said, Okay, let's do it like this!! If the subscription amount is less than 5 million levs, all will be eliminated, and I will not serve you!!

...

Minister Kennedy, who was in a bad mood, directly grabbed the host's seat and said straight to the point: Welcome everyone, come to participate in the Bulgarian government bond agency qualification bidding today!!

The relevant information has been sent to you before, so I won't say more! To qualify as an agent is simple, all you need to do is meet the following three criteria:

First, the bank that sells as an agent shall guarantee a minimum sales of no less than 5 million leva each time, and pay the bond funds to the Ministry of Finance in advance;

Second, the agency fee, you can withdraw 1.5% within 5 million, and you will withdraw 2% for the part between 5 million and 10 million, and so on. For each additional 5 million, the handling fee will increase by 0.5%, and the maximum 3% will be capped;

Third, other aspects shall be implemented in accordance with international practice. If there is any doubt, it will be resolved by both parties through negotiation!

As soon as Kennedy's voice fell, the pot exploded below. Where is the negotiation, it has been completely determined,

Doesn't this treat everyone like a monkey brush?

Guaranteed sales are a little higher, that's all, this is a big deal, and it can still be done by combining several banks.

The problem is that the rate is too bullying, and the international handling fee is around .2.5%. In accordance with Kennedy's requirements, the vertical rate and the agency's 30 million leva bond, combined, only 2.5% of the handling fee.

Of course, the profit is more lucrative than that. If it is lower than this figure, it will naturally lose money. It's like telling everyone clearly, don't come if you don't have the strength.

Now these few small banks, even if they want to join forces, can't come together, and each of them is more than 5 million. I didn't prepare in advance, I ate so much at one time, and if something went wrong, it might be over.

Don't think that the 2.5% handling fee is very high. You must know that the exchange rate in the 19th century was not low. After selling it all over the world, and then converting it into Lev, the operating cost of this series is not low.

Only banks can do this kind of business. If other people do it, the exchange rate alone can make you die!

Mr. Kennedy, is it too much for you to set such conditions?? We can't accept it!! Is your Bulgarian national debt originally a joke, just to amuse everyone?? The representative of Klein Bank couldn't sit still, said mockingly

Kennedy did not get angry, and said with a smile: This gentleman has been thinking too much. Isn't the condition we set in Bulgaria to choose a strong partner? If you can't afford it, leave the opportunity to a strong bank. Well!

After listening to Kennedy's words, the representative of Klein Bank angrily replied: Humph! Since that's the case, then we'll leave!

After speaking, he left without knowing his head, and even the representatives of several other small banks also left the table.

The scene became even more embarrassing, but Kennedy did not regret it. You must know that cooperating with these small banks is very risky. If you accidentally run away with money, where can you go to find it? ?

Now there are only three local Bulgarian banks left, and everyone is an old acquaintance. Constantine was not afraid of losing face, and walked out directly from behind.

Three, you have all seen it, the outsiders have all gone! Now everyone is an old acquaintance, and the next problem will get rid of you!! Constantine said, bowing to the three

Yes, even the old Carl was a little dumbfounded, co-authoring is a shame! Before we even made a statement, we threw all the 50 million in debt to us.

Carl glanced at the other two people who were under pressure, knowing that he had to go out on his own, and said with a signature smile: Since Your Excellency the Prime Minister, you look down on us so much, then the three of us will eat it together, and everyone will work together to save the five thousand Ten thousand bonds sold!

Mr. Carl is really arrogant, so this batch of bonds will be handed over to the three! Constantine said excitedly