Wang Chong and Cai Jun were really anxious.

As the person in charge of the purchase of Dianbao City Investment bonds, these institutional investors are under pressure from the bosses of trust companies. If the negotiations fail to meet expectations, what awaits them is deducting the deposit and being resigned!

In other words, once the bond defaults and defaults, the official government shall bear the consequences, while the creditors shall have the decision-makers take all the responsibilities themselves.

By noon, Bai Yu only agreed to increase the total cashing amount to 5.8 billion, and no matter how much it is, he would shake his head. As for the interest rate, it is actually irrelevant at this moment.

Seeing that there were only 6 hours left before the deadline for redemption, Wang Chong and Cai Jun did not dare to leave in anger, and stayed in Bai Yu's office to have lunch together.

News of the funds collected by major banks kept coming. In addition to ICBC's 2.7 billion yuan being stuck, it was basically in place. Among them, Bank of China and Bank of Communications were also warned by the head office for high-frequency and large-scale transactions, and still asked Xu Shangli to call the president of the head office to communicate with the president of the head office and did not further deal with it.

Jiang Luobin from the Industrial Corporation refused on the grounds of not being familiar with him. Yuwen Yan didn't know if he had any contact, so he didn't dare to ask. Perhaps the Industrial Corporation would take President Qu's reply as the basis, and that was, he followed the process step by step, and it was useless to be urgent.

At 2 pm, the redemption entrance will be opened to small and medium-sized investors in advance!

When he heard this news, Wang Chong and Cai Jun were immediately exploded and excitedly asked Bai Yu why small and medium-sized investors with small share enjoyed priority redemption treatment, while institutional investors were stuck here and couldn't move forward?!

Bai Yu also has trouble saying that.

The freezing of ICBC's large-scale exchange system has indeed caused trouble and caused new trouble without any reason.

At this time, the Industrial Headquarters is obsessed with following the process, and it is basically destined to be unable to receive the 2.7 billion yuan today. Then it is useless even if it reaches an agreement with institutional investors. Don’t look at the difference in one day, it will become the capital for institutional investors to ask for.

"Compared with institutional investment, the interests of small and medium-sized investors are more favorable to Kyoto. In this regard, we cannot violate the basic correct policies. Please understand," Bai Yu said. "Also based on the correct policies, it is a foregone conclusion that the 13 billion institutional investment cannot be fully cashed. For this reason, I think the final plan is like this. Today is 5.8 billion; today is 1.2 billion; the remaining 6 billion is divided into two parts, half is extended for three years, and half is extended for five years, with interest rates of 7.2% and 7.5% respectively..."

"Bang"!

Wang Chong finally couldn't help but smash the teacup to pieces, pointed at Bai Yu and shouted, "You...you are a bastard leader who has no integrity, bullying and dominating the market, and is a super rogue!"

Cai Jun also scolded: "We have been talking about postponement. The default options are three years. Until now, there will be five years of *. It is pure scoundrel and a big liar!"

The two of them cursed and went out. Chai Jun was frightened by the posture and said uneasy: "Mayor Bai... Do you want to invite them back?"

Bai Yu sat upright at the table without moving, his face was silenced for a long time, and said, "If I were to scold me like this, but what can I do? No money can stump the hero..."

"You and Mayor Zhuang help your ex clean up the mess, and you won't be scolded by you if you want to scold me." Chai Jun said.

"I'm going to do my job in his position. I'm going to Guan Ling's plan. Neither of them will come into the office!" Bai Yu said angrily. It felt uncomfortable to be thrown into the teacup in person and pointing at his nose.

After a while, I read the text message and found that in just one hour, small and medium-sized investors had already paid 3.8 billion. It seemed that they were fleeing in panic.

The transaction flow is uploaded to the Industrial and Industrial Corporation. As Bai Yu expected, the preliminary review was approved by the Industrial and Industrial Corporation in Dianxi City, and then the ICBC was approved by the Provincial Industrial and Industrial Corporation and Industrial Corporation to submit it to the Industrial Corporation.

Each link must be audited, compliance, risk, supervision and other departments jointly reviewed, and the president confirmed it before it was released. Zhuang Jidong finally saw the situation clearly at 4:30 pm:

It is impossible to get 2.7 billion before get off work!

Wuxin continued to sit in the business department of the Municipal Industrial and Commercial Bank, and Zhuang Jidong rushed back and was anxious to discuss countermeasures with Bai Yu.

"Even if it is delayed for one day, it is considered a breach of contract, which means that all efforts are wasted. We may not be able to protect our position. What should Mayor Bai do?"

Zhuang Jidong was so anxious that his arms were sweating, and his back was already wet.

Bai Yu raised his wrist and looked at the watch slowly: "It's five o'clock in the afternoon, and the People's Bank of China's large-scale exchange system is closed at 6 o'clock, so time is definitely not enough..."

"Oh, Mayor Bai!" Zhuang Jidong locked the door and begged, "I heard that your Kyoto family is very energetic and has many friends, especially your Tie Geer Yu Yu is currently in a provincial state-owned enterprise. His lover got a 100 million gold check on the wedding day... No matter how much money is raised from multiple sources to fill the hole, one day, I only need one day! Mayor Bai, please come and ask!"

Bai Yu said: "Mayor Zhuang is really in a hurry to seek medical treatment. The government pays off the debts of the government. You must not involve individuals, otherwise you will not be able to explain clearly in the future. The default on the redemption of municipal bonds is now unavoidable..."

"How can it be inevitable?!How can it be?!"

Zhuang Jidong waved his arm excitedly, "What are the provincial leaders who arranged for us to do? Isn't it just to solve the breach of contract crisis? Your light words are inevitable, and you let down the expectations of the provincial leaders, and the cadres and masses in the west of Dianxi look down on them. In the end, we were the two of us who were defeated and we were both!"

"I won't lose to Maicheng!"

Bai Yu paused word by word, "I have a way to extend it for another day!"

"What? What did you say?" Zhuang Jidong asked in a daze, and he was completely confused at this time.

"There is another type of breach, called technical breach," Bai Yu then showed his trump card. "It's a coincidence that technical breach is targeting the troubles encountered by ICBC, that is, the breach caused by the inability to redeem funds due to system, technology, network and other factors. Of course, there are factors such as the official government delaying until the last moment to make up its mind. The market agrees with technical breach, as long as it is redeemed as scheduled the next day."

Zhuang Jidong stared at Bai Yu for a while, sat down on the sofa with relief, pointed at the other party and said, "What a Mayor Bai, you should make it clear in the morning! I have been nervous for most of the day in vain, and therefore I have lived a short life for at least several hours. I am satisfied, Mayor Bai!"

Bai Yu shook his hand: "It's not what you think, Mayor Zhuang! Technical defaults are usually prerequisite for full redemption. Partial redemption will seriously affect the negotiation basis. Moreover, I have not reached a consensus with the institutional investors! The next step is very simple. The blame for technical defaults must be borne by institutional investors, and we will disappear until 7 a.m. tomorrow."

"oh--"

After blinking for nearly half a minute, Zhuang Jidong finally understood Bai Yu's design and suddenly said, "Before six o'clock, Wang Chong and Cai Jun must have seized the last opportunity to reach an agreement, but we both disappeared and couldn't make a decision. Another explanation of such a technical breach of contract is because of the failure of the negotiation!"

Bai Yu raised his wrist and looked at the watch again, saying, "The announcement has been prepared for Chai Jun, and it will be officially released at 5:58 pm. Go back to the dormitory and have a nap. Before going to bed, just call Xu Shenchang to explain the technical breach of contract. After all, he knows the situation of the Industrial Corporation and should be able to understand it."

Five minutes later, the two left the city courtyard.

Five:20.

Wang Chong, Cai Jun and two temporary additional institutional investment representatives came to the municipal government compound to seek a final settlement plan. Then the staff of the official office spread their hands and said that the two mayors had gone to the grassroots level and could not be contacted!

The disappearance of the two mayors who were clearly responsible for solving the problem at the same time means completely waived! The representatives of institutional investors rushed to the office of each deputy mayor, and then went to several members of the *** standing committee to shout. By the way, Wang and Cai Jun were also scolded to death, blaming them for being too voluntarily.

However, it was useless, and it was impossible to contact Zhuang Jidong and Bai Yu. It was not until the Zhengfu platform suddenly announced a technical default on the redemption of municipal bonds at 5:58 that institutional investors were in a state of shock and were also glad that there was hope of rescuing the situation!

Technical default is the first step. If the negotiation fails, then the default will be really redeemed.

From beginning to end, ICBC was very secretive and did not disclose any information about the frozen large-scale exchange system. Family scandals should not be made public. Banks are most worried about reputation risks and credit risks.

That night, the secondary market of urban investment bonds discussed the technical default of Dianxi Zhengfu, expressing concerns about the prospects of urban investment bonds, and calling on institutional investors to eliminate differences as soon as possible to reach a consensus, so that the already turbulent secondary market can develop a peaceful and peaceful development environment.

Kyoto finally responded that night. The China Banking and Insurance Regulatory Commission, the People's Bank of China and others interviewed President Qu, the Chief Executive Office of the Workers' Headquarters. President Qu took the initiative to call Xu Shangli to apologize for the unilateral freezing of the large-scale exchange system, and promised that regardless of whether the internal system process was completed, the system would be restored to normal after going to work tomorrow.

Zhuang Jidong and Bai Yu slept comfortably until dawn. After waking up, they felt sore and exhausted all over.

These days have been a hellish torment.

After breakfast, I walked to the office, but saw twelve institutional investors standing in two rows at the door - this night was also a torment for them.

Bai Yu took advantage of the opportunity of the ICBC system to freeze and took a step back, and completely threw the psychological burden on the other party, thus gaining the initiative.

Invited institutional investors to the small conference room, and invited Zhuang Jidong, Men Daxu, Zhao Wancheng and other deputy mayors. Everyone reached a final agreement in a harmonious and friendly atmosphere with tacit understanding:

Repaid 6 billion municipal bonds before 11:00 this morning;

Ensure redemption of 1.5 billion by the end of the year, with an interest rate of 7.2%;

The 2.5 billion municipal bonds will be deferred for three years, with an interest rate of 7.4%;

The 3 billion municipal bonds will be deferred for five years, with an interest rate of 7.6%.

After Bai Yu insisted repeatedly, the agreement finally added: Dianxi Zhengfu only has the responsibility to perform the contract for Dianbao City Investment Bonds, and all rights and obligations are fully reflected in the agreement.

At the same time, after the ICBC's large-value exchange system returned to normal, it completed the 2.7 billion yuan fund remittance before 9:20 in the morning.

At 9:40 in the morning, the municipal bond redemption entrance for institutional investors was opened, and the default crisis of 18 billion municipal bonds was successfully resolved!

Facing Zhuang Jidong who was sincerely happy, the city leaders with complex smiles, such as Wang Chong and Cai Jun who had lifted their burdens, Bai Yu knew clearly in his heart:
Chapter completed!