My Age of Investment

  Chapter 392 1.5 Billion Dollar Loan (seeking monthly pass)

  After dinner, Xia Jingxing was alone in the study, and settled the bill quietly.

  The newly acquired villa was worth 5 million US dollars, and the land of the barren hills also let the employees talk about it, and the bargaining price was cut to 18 million US dollars.

  The Gulfstream business jet priced at 60 million US dollars does not need to be paid in one lump sum. It only needs to pay 30% of the deposit, which is 18 million US dollars. The remaining balance can be paid in full when the aircraft is delivered.

  The $871.25 million after selling the shares of Facebook and paying taxes, after injecting $850 million into Envision Capital, only a fraction is left.

  Xia Jingxing did some calculations and found that there was a funding gap of 20 million US dollars.

  A series of start-ups such as Tesla and LinkedIn invested by Lichun Fund, due to the lack of prominent commercial value, temporarily unable to borrow, or can lend, but the mortgage rate is very low, and the borrowing interest rate is not cheap;

  Rainwater Fund and Liqiu Fund, he personally invested 50 million US dollars and 800 million US dollars, and the funds basically have a place to go, and the investment plan is well done, and it is not necessary to disrupt;

Lixia Fund’s net assets under management have reached more than 200 million, nearly 300 million US dollars. Since it has not yet reached the time for liquidation and withdrawal, although he personally holds 20% of the investment share, he is the largest investor, but it is not good or bad. rule;

  Finally, there is the Xiaoman Fund managed by Jiang Ping, with a scale of nearly US$600 million. As the GP manager, Jiang Ping personally invested US$12 million to subscribe for 2% of the fund.

  Xia Jingxing sent the fund’s first-year management fee of US$12 million as an initial fee to Jiang Ping.

   Jiang Ping changed hands and used the 12 million US dollars to subscribe for 2% of the fund shares to express his determination to advance and retreat with the LP investor.

  In fact, you only need to subscribe for 1% of the fund shares, and the $6 million can also be paid by Vision Capital.

  But Jiang Ping refused, he must insist on subscribing by himself.

  So, Xiaoman Fund is only related to Vision Capital, and Xia Jingxing has no personal interest in it.

  Xia Jingxing thought about it, turned out the dust-covered keyboard for a long time, tapped, and logged in to the first securities account.

  It has been a long time since he went to look at his stock account, which still retains the last 80,000 shares of Amicco stock.

  Amicco’s stock price has not risen much compared to the previous period, hovering at around $55.

  These 80,000 shares were sold for only more than 4 million U.S. dollars, which could not fill the funding gap.

  After thinking about it, he finally called Duck Neck far away in China.

  At this time, it is eleven o'clock in the evening. According to the daylight saving time, it is six o'clock in the morning in Lin'an on the same day.

  Abel slept soundly in the hotel arranged by Ari, when he was suddenly awakened by a ringing of the phone.

  He cursed while struggling to go to the bedside table to catch the phone.

  Waiting for him to grab the phone and look at it, and see that the caller ID note is the boss, and he wakes up all at once.

   Stop swearing, turn on the light, and go to find water while getting on the phone.

   "Duck neck, you worked at Morgan Stanley before, right? I want to know about their equity pledge loan business..."

  After understanding it clearly, Abel patted his chest and promised: "Boss, don't worry, this matter is left to me, and it is guaranteed to be done properly.

  However, boss, I have a suggestion, you can listen to it first. "

"you say."

   Abel smiled and said: "Liqiu Fund is funded by you, the boss. I suggest that you put that 20% of the Facebook equity into the fund and use assets instead of cash as one of the asset portfolios of Liqiu Fund.

  Then, our Liqiu Fund went to Morgan Stanley for a loan in the name of an institution.

  Individuals and companies must be clearly distinguished to avoid debts being involved in their own heads. "

  No talking on the other end of the phone.

  Xia Jingxing thought for half a minute, and felt that the idea proposed by Duck Neck was a good one. In addition to clearing up the debt problem, it could also hide part of the shareholding in Facebook.

  But Abel thinks very simply, he wants to make the asset management scale of Liqiu Fund bigger, so that he can get more bonuses.

  Although it is a wholly-owned fund controlled by individuals, Xia Jingxing is not unscrupulous, and will still draw out the profit part of the fund to give bonuses to the fund employees.

  This is an important reason for attracting outstanding talents to join, and it is also a motivation to ensure that employees work hard.

  The larger the scale of fund management, the more profit and the more dividends.

  Although this is not absolute, it is likely to be the case.

  Xia Jingxing guessed some of the small nines of the duck neck. He wants to make a big fund, to become a well-known fund manager, to get a high salary, and to reach the pinnacle of life...

  He can tolerate these, and it is normal for employees to be careful.

  What's more, the idea of ​​Duck Neck is also in a disguised form to seek benefits for the company, because only the company earns more, the lower employees get more dividends.

   "Okay, you can contact your old superior and ask him to lead the team to Envision Capital tomorrow to talk."

  Seeing Xia Jingxing's admonishment like this, Duck Neck was also very happy, hung up the phone, and started contacting his former boss again.

  As for sleeping?

  Duck neck is no longer sleepy. Sleeping is not important for making money.

  For people from investment banking like them, it’s normal to stay up late and work overtime like eating and drinking, and they have long been used to it.

  So, when Duck Neck called an old superior in the United States, the other party did not say that he was asleep, and he was still busy in the office late at night.

  When I heard about such a big business, the MD managing director of Morgan Stanley was so excited that he kept saying that after the matter was done, he had to pay the duck neck.

  Duck neck refused to give the benefit fee, and asked the senior superiors to be optimal in terms of interest rate, equity pledge ratio, etc.

   And show that this is the benefit fee for yourself.

  In order to earn performance in front of the boss, Xia Jingxing, Duck Neck is also working hard, not even the benefits of stuffing it into his hands.

  In fact, Duck Neck has a long-term vision and wants more things.

  ……

  ……

  The next day.

  Morgan Stanley's managing director Richard brought a team of people, flew from New York to San Francisco early in the morning, and then drove to Silicon Valley.

   "Mr. Xia, this is my business card."

  Richard is a forty-something white man with meticulously combed hair, dressed in a high-end suit, and dressed as a top financial elite.

Although    is the managing director of Morgan Stanley, he has a very low posture. As soon as he meets, he shakes hands with Xia Jingxing and hands out business cards.

  The MD managing director and the VP vice president are separated by three levels, almost standing at the top of the investment banking pyramid.

  But the actual situation is that, taking Morgan Stanley as an example, as many as hundreds of MD are promoted each year.

  Although it is not exaggerated by Goldman Sachs's more than 10,000 VPs, it is also a show operation. It has broken the rank of investment bank and is very moist. It is also a senior worker.

  Xia Jingxing accepted Richard's business card, then asked the other party and the entourage brought by the other party to sit down, and then asked the employees to make a few cups of coffee.

  The coffee was placed on the table. Almost no one drank it. It became a display. Everyone from Morgan Stanley turned their eyes on Xia Jingxing, waiting for the father of Party A to speak.

   Seeing this, Xia Jingxing also knows that investment banks pay attention to efficiency. It seems that he doesn't want to wait for a moment, so he wants to get to the point, so he said:

  "Then I won’t waste time anymore. To make a long story short, I need a sum of money, and the amount cannot be less than 1.5 billion U.S. dollars. To this end, I will inject 20% of Facebook’s equity into the Liqiu Fund, and the fund will pledge to you..."

  In fact, Duck Neck has already spoken to Richard in detail yesterday.

Before    came, their team checked various information about Facebook on the plane and car, and held a short seminar.

  Richard slowly said: “If the information we have is correct, Miss Walsh pledged 14.74% of Facebook’s equity to Goldman Sachs in exchange for a loan of US$1.025 billion with a pledge rate of 67.8%.

  In view of this, we have assessed that, at most, we can provide Mr. Xia You with a loan of 1.4 billion U.S. dollars. "

  "What about the loan term?"

  Xia Jingxing didn't say yes or no, and asked the next question.

  Richard asked the subordinates next to the team to hand over a piece of paper, which clearly listed Morgan Stanley’s loan products.

  Short-term loans with a one-year term and within one year, the interest rate is 4.35%;

   Medium and long-term loans from one to five years, with an interest rate of 4.75%;

  Long-term loans over five years, with an interest rate of 4.9%.

  Very detailed.

   Xia Jingxing took a look, then dropped the file on the table, her voice was a bit cold: "Are you kidding me?"

  Richard also did not expect that the other party would be so moody.

  However, he has a wealth of social experience, has seen everything, has encountered everyone, and has a very good psychological quality.

  Richard still had a professional smile on his face when the young people who were accompanying him changed their colors.

   "Mr. Xia, if there is anything unreasonable, please point it out and you can communicate."

  Xia Jingxing saw that it didn't work to get off the horse, and knew that the other party was an old financial dough stick.

  "The interest rate is too high. We are afraid that we can't establish cooperation with big investment banks like you."

  Hearing this, Richard's face was full of a three-point smile. As long as the other party is willing to point out the problem and talk, that is a good thing.

  In fact, this loan interest was also a bait he took out, because he wanted to use this as a bargaining chip to talk about other more interesting topics.

  　 Thank you for your support and company. I have sent a red envelope to the general reader group and the subscription group. The subscription group seems to have only received half of it. Please remember to receive it. The money is not much. It is a good sign.

  　　 Another thing is that the book finally has one million words, keep on working hard, and then we will create more exciting plots, so that everyone can see more hard work and commercial competition.

  (End of this chapter)