Reborn as the richest man in India.
Chapter 535 The Impact of Bankruptcy and Closing
A loan of US$30 billion is a huge loan.
If it weren't for the huge assets of Da Mao Er Mao, Qiao Ge wouldn't have such confidence.
Besides, without enough mortgage assets, it would be impossible for those banks to grant him such a large loan.
Qiaogo thought about it, of which US$10 billion was a domestically guaranteed overseas loan from the state, and another US$10 billion in mortgage loans from Rohatyn's Lazard Bank and Lawrence's HSBC each.
With the plan in mind, Qiaogo immediately called Manmohan without hesitation.
Manmohan was still surprised when he heard the amount of Qiaogo's guaranteed foreign loan.
Not long ago, he said that he could directly decide the US$10 billion quota, and now Qiaogo is here, which is a bit fast.
Manmohan didn't say much and naturally agreed to Qiaogo's request.
However, he just mentioned it and hoped that Qiao Ge would not invest in the stock market or anything like that.
The tragic investment failure of Tata Group and Reliance Group last time is still fresh in his memory.
Qiao Ge made it clear to him and said that he was going to acquire a mining company.
With these words, Manmohan felt a little more at ease. Industrial companies were safer, but at the same time he also lamented, what kind of company would cost a billion dollars to acquire?
Such a huge sum of money.
But when he thought about Qiao Ge's achievements overseas, he felt relieved.
Qiaogo is getting stronger and stronger now, which is of course a big benefit to him.
Manmohan is also ambitious, and this ambition changes as his status improves.
In the past, I didn’t even dare to think about the position of Finance Minister. Now that I have sat in this position, I can move towards higher goals.
He now has the support of Qiao Ge, the country's pinnacle of power, and it's not like he has no chance to attack next time.
In July 1995, after Qiaogo secured domestic funds, he flew to London. He planned to talk to Lawrence about a loan first, and then go to the beautiful country to find Rohatin.
The amount of the loan this time was too large, so he naturally needed to take action personally.
When Qiaogo met Lawrence, his good plan was disrupted.
Lawrence told Jogo that he couldn't give him a $10 billion loan now, it was too much.
"Not even a mortgage?" Qiao Ge frowned.
It is impossible for Lawrence not to know that the assets owned by his big brother and his second hair have a mortgage loan of US$10 billion, which is already very small.
In Qiaogo's mind, there was no reason why his loan of US$10 billion would be rejected.
"A few months ago, Barings Bank went bankrupt." Lawrence sighed. "This incident caused a very bad impact. Although it was not a loan problem, major banks have now stepped up their efforts to control loans. , especially the loan amount, has been tightened a lot. Huge loans like US$10 billion, even with collateral, may not be possible in the short term."
Qiaogo knew about the bankruptcy of Barings Bank. He had seen it on the news.
Barings Bank is also an old bank in the UK with a long history.
This bank was deceived by an employee below. This employee was responsible for some of the bank's futures speculation. After losses, he continued to invest funds and increase leverage in an attempt to make up for the losses.
Unfortunately, the direction of his speculation was completely opposite to that of the market, and he was constantly trapped.
He wanted to recover, just like a gambler who kept betting and increasing leverage. In the end, he didn't make any money back, but instead lost more and more.
In the end, it lost more than one billion U.S. dollars in one fell swoop, causing Barings Bank to collapse.
Although it was the behavior of one of the following employees that led to the bank's collapse, the real traceable reason was the disordered management of Bahrain Bank. It was precisely because of the system flaws in management that the various behaviors of the following employees were not discovered, causing the losses to escalate until Huge losses and the situation is irreversible.
"It seems like I won't be able to borrow US$10 billion from Lazard." Qiao Ge sighed. "That's right." Lawrence said, "If it's $5 million, I can still help you get it. I believe Lazard's deal is about the same."
"$5 million is fine, please," Qiaogo replied.
Lazard can only borrow about 5 million U.S. dollars at most, so its total U.S. dollars can reach 21 billion. This fund will definitely be more than enough to acquire Northern Mining Company.
It's just that there aren't that many funds for other aspects, which makes Qiaogo a little regretful.
But think about it, 97 is still a year and a half away from now, there is still time.
After some time, when the impact of the bankruptcy of Barings Bank slowly fades away, loans from HSBC and other banks may be liberalized, and you can just continue to lend money by yourself.
Nowadays, acquisitions are still the main focus, especially in Brazil, which is still affected by the financial crisis in Mexico. This is one of the best times to acquire various mines.
It's okay to use the funds in your hands for this.
"Qiaogo, actually, I think the business of International United Mining Company is almost done now, and we will just expand slowly in the future. Is it necessary to invest so much all at once?" Lawrence asked.
Lawrence is not very optimistic about Qiaogo's plan to spend more than one billion to acquire the northern mining company.
With this capital, where can’t it be invested?
If you invest in that kind of entity company, making money will not be as fast as in the financial market.
"I still like to work hard in industry, and I can't compare with you." Qiao Ge said with a smile.
"I'm not pouring cold water on you." Lawrence continued, "In terms of capital increase, I don't think others will continue. If you persist, I may have to rely on you alone."
Qiao Ge was not surprised by this result.
Lawrence and Rohatin mainly invest in the financial market, while Arnault and Thomas have their own business and have nothing to do with the iron ore industry, so they really have little interest in this kind of investment.
Therefore, it is expected that they will not continue to invest in Qiao Ge.
They don't insist on not investing in Qiao Ge. Anyway, he will definitely not stop investing. The more investment, the better.
Entering the 21st century, driven by China, the global economy will take off, and only then will its true power be revealed.
It's just that he definitely can't say these things.
Maybe by that time, my image in Lawrence and the others' minds will be improved to another level, which is a good thing.
"Okay, then I will increase the capital. In short, I believe that International United Mining Company will get better and better." Qiao Ge said with a smile.
"I believe in your vision." Lawrence smiled.
Their investment in International United Mining was not large, and they invested it casually for Qiao Ge's sake, so they didn't care much about it.
Again, even if International United Mining can make money, how much profit can it make?
When I came to London, I naturally had to meet Thomas.
Then Jogo found Evsaniya.
Yevsuniya was very happy to see Qiao Ge, and then took Qiao Ge to a manor in the suburbs, saying that she would treat him to a good vacation here. She was half the owner of London.
Yulia is now an oligarch of the Ermao family and has a lot of money. She not only bought a manor in London, but also bought a mansion in a wealthy area of the city.
Evsuniya is in London, so naturally she lives in these places.
Except for some protective bodyguards and some servants, there is no one else.
It can be said that Evsuniya lives here like a princess, and her mother's financial resources can fully support her luxurious life in London.
"I thought you had forgotten your previous promise, and it took you so long to come see me." Yevsuniya was immersed in the water, lying on the edge of the pool with her hands, and said to Qiao Ge who was sitting on the sun chair. (End of chapter)
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