Reborn as the richest man in India

"Mr. Gupta, I can guarantee that your three oil fields are better than the five acquired by Reliance Group," Joseph said.

"I naturally believe in your vision and strength, and I am very satisfied this time." Qiao Ge said with a smile.

Joseph is still very professional and dedicated in the acquisition.

Of course, this is all for the sake of money. I paid a generous consulting fee, and they did help me get the best purchase price.

Compared with Reliance Group, the price paid by oneself is indeed smaller.

In fact, with the strength of Reliance Group, they can definitely push the price down further.

It's just that Droubai was anxious at the time and wanted to complete the transaction before himself, so he didn't lower the price significantly.

"Mr. Clooney, if I use these three oil field companies for mortgage loans, would HSBC be willing to take it?" Qiaogo asked again.

"No problem, Mr. Gupta," Joseph smiled.

There is certainly nothing wrong with using oil fields as collateral for loans.

"How much can I borrow?" Qiao Ge asked.

"According to my experience, 60% should be no problem." Joseph thought for a while and said, "But after all, I am not responsible for the loan, so you have to negotiate the details yourself."

Qiao Ge smiled. He had previously borrowed 600 million from the Malay palm oil industry, and the loan ratio was very low.

Using the oil field as collateral, the ratio turned out to be 60%, which exceeded Qiao Ge's expectations.

After thinking about it for a moment, Qiao Ge realized that oil is considered a hard currency and can also be given preferential treatment in terms of loans.

In this case, what else is there to say?

After the oil field acquisition contract was signed, Qiaogo handed over the subsequent handover and other matters to Joseph and Barry, and he flew to London.

He wanted to meet with Lawrence about the oil field mortgage.

Next year will be 1991, and Qiaogo must now hurry up and hoard U.S. dollars and other foreign exchange.

At that time, the more U.S. dollars and other foreign currencies you have in hand, the greater the benefits you will get.

After Qiaogo came to London, he immediately found Lawrence.

Lawrence was very enthusiastic about Jogo's arrival.

After cooperating on the acquisition of the steel plant, Lawrence originally thought that it would take a long time for the next cooperation.

Unexpectedly, Qiao Ge made a big deal so quickly, purchasing oil fields, and even came up with the idea of ​​using grain to pay for the purchase.

Of course Lawrence knows India. India's largest foreign trade partner is the Soviet Union.

The two of them exchange goods for goods and do not use foreign currencies such as US dollars, so India's national foreign exchange reserves have always been very low.

India's foreign exchange has been very tight recently. It is impossible for Qiaogo to spend billions of dollars to acquire oil fields. It is impossible for the country to give him so much foreign exchange support.

Therefore, using food as a method of payment is indeed a flexible method.

After Qiaogo told him the conditions, he sent Joseph Clooney to find an oil field company willing to accept this payment method.

Since Middle Eastern countries need to import a large amount of food, Qiaogo's payment method is not so unacceptable.

India is a large-producing country. With this agreement, it will be able to obtain a stable source of food in the next few years, which is of great significance to the country.

From the $2 billion deal, the consulting company naturally made a profit, and with the guarantee provided by the bank, it made another profit.

If it were another industry, Lawrence would definitely not give a guarantee, but the oil field would still be worth it.

Especially this time when Qiao Ge came to ask him to use the oil field as a mortgage loan, Lawrence agreed in his heart. Now it was just a matter of negotiating the loan amount, term, interest, etc.

"Mr. Lawrence, I think it's okay to lend money at 60%, right?" Qiao Ge asked.

Lawrence personally poured a cup of tea for Qiaogo, smiled and said: "Mr. Gupta, your requirements are a bit high."

"Those are all oil fields. They have rich oil reserves. Three oil fields have reserves..." Qiao Ge reported some data about the oil fields.

Lawrence had actually known the data of these three oil fields for a long time, but he still listened patiently to what Qiao Ge had to say.

"The amount is too large," Lawrence said. "Even if we use oil fields as collateral, we cannot achieve such a high ratio."

In fact, Lawrence did not say one thing in his mind, that is, Qiaogo is Indian.

Qiao Ge still knows this in his heart. With his identity here, if he were a person from a developed country in Europe and the United States, he would definitely be able to pass this loan ratio.

Finally, after friendly negotiations between the two parties, HSBC gave Qiao Ge a loan of US$800 million, based on 50% of the loan amount.

Banks value the oilfield company at $1.6 billion.

After all, US$2 billion is based on five years of payment, and it is impossible for banks to value it based on this price.

But Lawrence still gave Qiaogo a surprise.

That is, another US$100 million line was given to the Malaysian palm oil industry mortgage, mainly because these assets of Qiaogo have grown again.

So Qiaogo has a loan line of US$1.2 billion, with a loan term of three years.

He will certainly not waste this precious foreign exchange loan.

Because the funds are so large, even if HSBC lends money, it will take a month or two.

Qiao Ge can still afford to wait at this time.

For Qiaogo, although the acquisition of oil fields is to prepare for the future supply of crude oil to his petrochemical plant, his real purpose at the moment is to find foreign exchange loans.

If I went to Lawrence directly and told him that I would use five years of grain exports as collateral, Lawrence would definitely not agree.

Now if these are replaced by oil fields, the nature is different.

Lawrence could accept the oil fields as collateral.

In terms of rupees, Jogo is at a bit of a loss.

Because in the process of acquiring oil fields, I actually paid a higher price.

But now for Qiaogo, foreign exchange such as the US dollar is more important than anything else, and some losses on the rupee side are completely acceptable.

While borrowing money, Qiaogo's Panda Foreign Trade Company was also hoarding U.S. dollars.

Whether it is a foreign company or some domestic export items, try to keep the foreign exchange in the account of Panda Foreign Trade Company.

Although Qiaogo has borrowed a large amount of domestic rupees and has more than 300 billion in cash, for Qiaogo, these are all tactical gains, such as acquiring high-quality bankrupt companies or bidding for privatized state-owned companies in the future. Still very direct.

As for foreign exchange reserves, it will be a strategic gain, as powerful as nuclear weapons, and will have a huge impact on one's future plans.

He wants to use these foreign exchange to lay a solid foundation for himself.

Qiaogo didn't stay in the UK for long. He met Thomas once. After all, we are all friends now, and then returned to his country.

These foreign borrowings are difficult for domestic people to detect.

Although Anil sent people to keep an eye on Qiaogo's movements, he only knew that Qiaogo flew to the Middle East and later went to the United Kingdom.

Qiaogo did not keep it secret from them about going to the Middle East and the United Arab Emirates to acquire oil fields.

Although this matter has been delayed for several months, the acquisition has been implemented, which can give Reliance Group peace of mind.

As for purchasing in the UAE, there is no problem at all.

There are currently no suitable oil fields for sale in Kuwait. It is normal practice to purchase oil fields in surrounding countries.

"Why did that kid go to England again?" Anil was still a little worried about this. He didn't understand it, and he was always uneasy in his heart.

"Second Young Master, last time I learned from the Mittal family that Jogo hooked up with HSBC to make Lakshmi fail in the acquisition of the Trinidad and Tobago Steel Plant. This time Jogo's acquisition The oil fields in the United Arab Emirates are also looking for people from HSBC, I think it should be the people who go to London to meet the bank," Inkid said.

Anil already knew about the battle at the Trinidad and Tobago Steel Plant.

Vinod and the two had already mentioned it in front of him.

Anil could hear the two of them gloating about their misfortune. Their eldest brother's failure directly led to the separation of the family, so the domestic industry was dominated by the two of them.

Next, they no longer have to worry about their eldest brother coming back to take over the family business.

Anil completely understood the two people's thoughts.

Because he and his eldest brother are also in the same situation.

For example, if the eldest brother is in trouble in a petrochemical project and loses money, then he must feel sorry for the money he lost, but the bigger brother should still be happy.

If his eldest brother makes a big mistake, his chance of becoming the heir to the family will be one step closer.

Compared with being able to inherit the family business, this loss is not worth mentioning at all.

Because of this, he knew very well about Jogo's performance in Trinidad and Tobago at that time.

He knew that Qiaogo had a relationship with HSBC and even borrowed US$300 million from the bank to acquire the Trinidad and Tobago Steel Plant.

These days, it is too difficult to borrow some US dollars. There is no hope in the country, and the current foreign exchange is still tight.

It has been several months since the new government took office, and the domestic situation has not stabilized at all and is becoming increasingly chaotic.

Therefore, there is no hope for improvement in foreign exchange.

As for loans from foreign institutions, Reliance Group is also powerless.

Reliance Group is a behemoth at home, but it is really nothing abroad. Financial institutions in developed countries don't think much of it, and they don't recognize some domestic assets.

Regarding this, Anil is very jealous of Qiaogo.

Isn't it because Qiaogo can get a loan from HSBC because he has assets overseas?

Especially the Malaysian palm oil industry, which is so prosperous now, is naturally a good collateral.

He knew that Qiao Ge used this industrial asset as collateral. If it were replaced with something else, HSBC would probably look down upon it.

It can only be said that that kid Qiao Ge was so lucky, and his bet on palm oil actually made him right.

"I can imagine him going to meet people from HSBC, but the oilfield acquisition has been completed. Why should he go? Is it just to thank them?" Anil asked.

"This~~" Kidd couldn't guess it for a moment.

It cannot be said that this is impossible. Maintaining the relationship with the bank is also very important, so it makes sense for Qiao Ge to go there in person.

"Second Young Master, I'm wondering, apart from this possibility, is it possible that that boy also wants to take out a loan?" Yinjid suddenly said something in his heart.

"loan?"

"Mortgage loan." Inkid said, "He may have mortgaged the oil field, so that he can get a lot of loans."

"Yes, what you said makes sense." Anil slapped his forehead and said, "No, I have to talk to the old man about this, and we have to follow suit."

So Anil hurriedly went to find Drubai. He was not careless about anything Qiaogo did. (End of chapter)