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Chapter 1565 corporate bonds

The participation in the acquisition of the Golden State Warriors was Zhou Buqi's temporary intention.

However, this is a very beautiful business.

Since you have met it, you can't miss it.

When he got home in the evening, Zhou Buqi talked about this matter to Senior Sister Zhen Yu.

Zhen Yu would naturally support her unconditionally and said with a smile: "Okay, my family is short of good investment targets. After the dividends of the two private equity funds, Fangfei Fund's current account still has 1.46 billion US dollars."

Zhou Buqi asked: "Where is the debt?"

The family fund also bears debt of up to $5 billion.

Zhen Yu said easily: "This is not a problem. The annual interest rate is about US$350 million. If necessary, US$200 million can be repaid annually."

"So it seems that the family has sufficient funds?"

"It's so sufficient, I don't know how to spend it. These people in the family... don't spend money too much."

Zhen Yu was also quite moved.

After I got rich, I realized that spending money is really harder than making money. These people at home usually spend how much money they can eat, drink, have fun, including luxury yachts and several private jets.

I want to lose all such a large amount of money, except for the failure of investment, and I really don’t know how to spend it all.

Zhou Buqi asked in a low voice: "Sister Zhen Yu, have you sorted out the bills at home? Who spent the most money last year?"

"How to organize this?" Zhen Yu shook her head gently, "Everyone spends their own money, and the big family expenses leave the family's accounts. For example, the 15 stunning maids in the family have to spend $8 million a year."

Zhou Buqi laughed, hugged her and put it on his thigh, kissed her a few times, "Senior sister, don't be jealous, set an example, I will love you well and not let you suffer any grievances."

"Who is jealous?" Zhen Yu glanced at him, not wanting to be too affectionate in the study, "How much does it cost to acquire the Warriors?"

Zhou Buqi said: "The Warriors' current valuation is $150 million, but if you want to buy it, it will have to be at least 2 times or 3 times. I'll ask my partner Lacob to be fully responsible. You can prepare it here and give the checks at that time."

Zhen Yu was a little disappointed, "That's not much money!"

Zhou Buqi said funny: "It's not good to be cheap?"

Zhen Yu whispered: "I mean... the family fund account is too abundant, so there is no need to maintain so much cash flow. It is enough to maintain about 300 million US dollars of liquidity. It is best to invest in the extra money. The global economic crisis has been greatly expelled, so you have to find a way to outperform inflation."

"Then invest."

"What are you investing in? Will you buy the property?"

"Whatever you want, you can invest whatever you want, or you can discuss it with Teacher Wen, Linlin, Baoshan, you can do it. The heroine is inside, the hero is outside, and the family matters, you have the final say."

Zhou Buqi acted very proudly.

Zhen Yu hesitated for a moment, "Boss Zhou, I have an idea, see if it's OK."

Zhou Buqi asked: "What?"

Zhen Yu hesitated and said, "These women in the family, Wen Zhixia, Shi Jinglin, Wu Yu, Baoshan, Ning Yaxian, Ning Yameng, and Sun Wanran, Ning Lu, and Feng Muer. By the way, there are also your junior high school teachers Han Yan and Chen Yan, and the little stars you love very much, Yang Mi, Jiang Bingjie, Li Xinwan, and Di Lieya..."

Zhou Buqi was in a dark line, "Senior Sister, what are you going to do? Read my dark history?"

Zhen Yu burst out laughing, "What kind of black history, I think... you are a man, you should take more responsibilities."

Zhou Buqi said speechlessly: "I'm the only brother, and I don't know how to clone the art. How can you take extra responsibility if you want me? I can't call you all the dozens of you at night, and sleep with you every day, right? I'm not an iron man either."

"I'm not talking about this!"

"Hmm? What is that?"

"I'm talking about their parents and family."

"It should be all related?"

Zhou Buqi felt that he had never treated their family unfairly, uh... he was really negligent. For example, he had never seen Zhen Yu's parents, and he never mentioned that he would buy a house and a car for them to be filial.

Because Senior Sister Zhen Yu is very rich and can be called the second richest woman in China.

She has enough financial resources to solve all the burdens of her family in life.

But her money is her money.

As a man, Zhou Buqi should still express his expression.

Zhen Yu said seriously: "I think these people in the family, no matter who they are, will take care of as long as they are good to you. Otherwise, if everyone follows you without any name, even if we can understand them, our family may not be able to understand them."

Zhou Buqi nodded, "What plan do you have?"

Zhen Yu said: "Give each of their parents a house. Choose a first-tier city like Beijing, Shanghai, Guangzhou and Shenzhen. The location should be better. Whether it is your girlfriend, secretary, or small star, everyone has a share, and each person has a house. Let them choose it themselves. I calculated it, but it won't cost much, and it's almost 50 or 60 million. There is still 660 million in the domestic account at home. The older generation has the belief in real estate. With a house, there is psychological protection."

"Okay, I agree, you can do it!" Although Zhou Buqi had some disagreements, he might not be right. He had to fully support Senior Sister Zhen Yu, and said with emotion: "In career, I will continue to expand territory outside, and then find some outstanding talents to manage the territory I have conquered. This woman is almost the same. I am responsible for opening the border... Cough cough."

Zhen Yu pursed her lips, angrily glanced at him, and then followed his words and said confidently and calmly: "Boss Zhou, don't worry about family affairs. You can just expand your territory. Just a few women, I can still manage it for you."

"real?"

"Don't you believe it? Give me a week and I promise to send Aunt Xue and Baoshan to your house. If you don't have any convenience, I can help you deal with it."

"No, no." Zhou Buqi looked embarrassed, "Where do you want to go?"

Zhen Yu seemed to be smiling, "I really don't need it?"

Zhou Buqi sighed and said, "Forget it, I can't bear it. The constraints of the traditional Confucian ethics and rituals of thousands of years are really unbreakable."

Zhen Yu said funny: "What does this have to do with Confucianism? The United States is not good, and Europe is not good. Maybe some African tribes can do it."

"It turns out that the relationship between African brothers is still strong."

"ah?"

"Ahem, forget it, go and arrange it for me. I will go to Yaxian's room tonight and let Yameng go there too. Well... you can go there too."

...

The Zhou family’s family fund account is abundant, so many that Sister Zhen Yu doesn’t know how to spend it.

There was a problem with the book of Ziweixing International.

When it was just split, Ziweixing International distributed up to US$3 billion in cash flow on its account. As of January 21, 2010, only US$720 million remained.

There is no way, the investment in cloud computing is too big.

In addition, Ziweixing International's business has opened up new markets in Europe and the United States, setting up branches and offices, and recruiting many employees, which require a large amount of investment.

Then there is the investment business and the gaming industry.

Zhou Buqi liked "Minecraft", which he wanted to acquire, but the price was not reached. Ziweixing International's bid has reached US$50 million, but the other party still disagreed.

In contrast, another game that Boss Zhou likes is easier.

This is what he discovered on the iPhone's game list. It is a new game that has just been launched - "Angry Birds".

After Zhou Buqi's instructions, a special person went to dock.

The other party is unwilling to lose all its equity, but is willing to transfer 80% of its equity for $800. After all, "Angry Birds" has not made any profit yet, and the entrepreneurial team wants to get money to improve their lives.

Zhou Buqi is not too concerned about this.

What he cares about is a strategic event of Ziweixing International - corporate debt!

The company has no money.

If equity financing is not suitable, you can only go to bond financing.

The regulation of the US financial market is not so strict, and it is very easy for companies to issue bonds. Especially for some well-known and powerful companies, unsecured bonds can often be easily issued.

It means that there is no collateralized assets, and it borrows money from the market based on the reputation and reputation of the company.

This matter has been planned for 3 months in full swing, and now it has basically been achieved.

The first phase of Ziweixing International's corporate bonds, with a total value of US$500 million, lasting for 5 years, with an annual interest rate of 8.2%, and will be officially issued on the 30th of this month!

The acquisition group is two top investment banks, Goldman Sachs and Citigroup.

The handling fee is about 2%.

However, the 2% handling fee does not need to be borne by Ziweixing International, but will be borne by the buyer of the bond. The logic is that the offender group spent $500 million to buy Ziweixing International's corporate bonds and then sold them for $510 million.

Because this bond is a high-quality asset and has high stable annual returns, many large foundations that pursue stable growth pursue such assets.

For example, federal pension funds, insurance companies, state government pension funds, etc. The annual interest rate exceeds $40 million, and spending an additional $10 million to buy these bonds is also a very cost-effective transaction.

Ziweixing International's first corporate bond was successfully issued.

$500 million in cash flow was added to the books.

However, this is far from enough. According to the plan, in June and December this year, Ziweixing International will issue another second US$500 million and the third US$1 billion in corporate bonds to ensure that enough funds are invested in emerging industries and help Ziweixing International to become unstoppable in the cloud computing and mobile Internet market.

To be honest, the debt pressure is quite high.

Once the business is not going well, the debt may be over.

Fortunately, the current situation is very good, and helo's mobile phone users have exceeded 30 million. Among them, the user scale of Apple and Android has reached 26 million.

This product has almost become a must-have smartphone app for contemporary young people.

Zhou Buqi was also thinking secretly.

Should we find an opportunity to operate the listing of Ziweixing International?

It is difficult for non-listed companies to issue corporate bonds to expand. According to Goldman Sachs' estimate, if Ziweixing International is not listed, the total scale of bonds will reach US$6 billion to US$8 billion, which will basically be topped off. If there are more, it may cause market concern.

If it is a listed company, it will be different. If there is confidence in the stock market, it will be confidence in the bond market.

If you want to make Ziweiyun a super heavy asset project in the global market, it is almost impossible not to go public. Only listed companies can flexibly use equity and debt rights, absorb funds from the capital market and develop industries.

If you want to do great things in the capital world, you cannot do without the capital game.
Chapter completed!
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