Chapter 501: Trip to the United States (6)
"Thanks to His Majesty the King's attention to Morgan, there is no problem at all with the issuance of government bonds."
The issuance of $2 billion in government bonds was not a problem at all for Morgan Jr., as Morgan Bank had issued $1.8 billion in government bonds for Britain in 1899. After so many years of development, the issuance of Romanian government bonds has not been difficult at all. Even if Romania is not as rich as the UK, its economic upswing is so obvious that it is still very profitable.
Morgan Jr. agreed to the issuance of Treasury bonds in one bite, which did not make Eder feel relieved. Because of the difficulties of the previous distribution, he knew that things were definitely not that simple.
Sure enough, Morgan's words changed. "Your Majesty, I have learned a little about the financial situation in your country, and I have found that all kinds of bonds in your country were basically issued in London, Paris and New York. In fact, this is not cost-effective for your country. ”
"Of course, in the past, your country did not show its national strength, and there was no choice but to issue various bonds in the mature securities market. However, now I think that your country needs to consider developing its own securities market, after all, your country's economy has reached the scale of opening up a securities market, and the opening of a securities market in China has reached the point where it cannot be delayed. This allows your country's cash-starved businesses to access capital and makes use of your country's idle funds, which is simply the best of both worlds. ”
Listening to little Morgan's words, Edel finally knew what the other party wanted. The other party wants to open the securities market in Romania and absorb Romanian funds. The stock market was indeed able to help the Romanian economy grow, as he said, and that was a good aspect. As for the bad side, he didn't say anything, and he can also shear the wool of private funds. In fact, the opening of the securities market has been mentioned in China, but it has been suppressed by Eder.
With less than a few years to go before the world economic crisis, opening a securities market now is simply shearing sheep for capital. Moreover, this wool is not sheared by domestic capital, so it is not interested in opening a securities market.
Unexpectedly, there are still people in New York who are anxious about the development of the Romanian financial industry.
"I'm sorry, but there is no idea of establishing a securities market in Romania at the moment."
Faced with Morgan's words, Eder refused after thinking about it. No way, Morgan Jr. obviously wants to participate in the construction of the securities market. Put this financial giant into the small pond of Romania, and the domestic financial market will not be swept away by him. As tempting as the two billion national debt is, it is better to look to the Rockefellers than to the harm. At least the other party is only worried about oil, and this little Morgan is worried about the Romanian financial industry.
"Your Majesty is not in a hurry to refuse, I know that Your Majesty is worried that I will disrupt your country's economy. But Your Majesty has thought that if you don't, your country's financial industry will definitely be opened. And with my help, at least you can get your country's financial industry through the difficult period in the early stage. And I think if your country can issue three billion dollars in Treasury bonds in the United States, it will be able to push the economy to a whole new level. ”
Little Morgan's words did not impress Eder. Three billion dollars can indeed help Romania grow faster, but this is only the cost of raising sheep before sheep shearing, and Eder does not think that the capitalists on Wall Street will be merciful. The help of Wall Street is candy with poison. He wasn't interested in eating it.
"Let my country think about it."
Edel got up and left the café, leaving little Morgan alone with a quiet cup of coffee.
"Chairman, what do we do next?"
The deputy, who watched the Romanian leave in a hurry, hurriedly walked in and asked what to do next.
"What else can be done, just continue."
Little Morgan, who didn't raise his head, still sipped his coffee and commanded.
Eder, who had returned to his lodgings, immediately called the Foreign Secretary.
"Next, I talked to the Rockefeller family and told them about the investment of Ilo Oil, and I could promise them. However, this time, I hope that he can help our country issue two billion dollars of government bonds, and I will make a note of their help this time. ”
Foreign Secretary Kostel saw Eder's performance and knew that talks with Morgan about the issuance of Romanian government bonds had collapsed. He didn't dare to slack off and replied immediately. "Your Majesty, I'll arrange for personnel to contact the Rockefeller side."
This time, Eder desperately ceded some of the interests of Libyan oil, and also let Wall Street capital led by Morgan Jr. see that Romania is not something they can easily handle. If you want to force Romania to open the financial market to them, you can't do it.
When the news came that Romania was willing to accept Mobil's stake and offered to underwrite two billion national bonds, Rockefeller Jr. felt a wave of ecstasy in his heart. Thanks to the greedy little Morgan, the Rockefellers were able to make the deal with Romania like a fish in water.
But the $2 billion Romanian national debt is also a challenge for the Rockefeller family. Who made his family a big step worse than Morgan in terms of finance. And this time, the underwriting of Romania's national bonds is a gain on the family's shortcomings. Moreover, the sale of two billion Romanian national bonds is also very profitable.
So the two sides started when Lang intended to have a concubine.
Morgan, for its part, is rigidly pressuring Wall Street's underwriting of Romanian government bonds. Even a few small securities companies that had previously agreed to underwrite could not bear the pressure and cancelled the contracts signed with Romania.
Edel watched the situation anxiously, who made him have only one choice at the moment. If Rockefeller could not eat this batch of national debt, then the results of this visit would not be great.
…………
A few days later, when Eder got the underwriting agreement signed with Chase Manhattan Bank, the core of Rockefeller, the whole person was relieved, and now it was up to Morgan Jr. to treat him.
In the underwriting agreement, Chase Manhattan Bank committed to selling Romania's $2 billion in five-, ten- and fifteen-year Treasury bonds. This time, the underwriting renewal fee is 3%, and the underwriting fee is not high. The term was one year, mainly considering that Chase Manhattan had not underwritten such a large amount before, and Rockefeller wanted to extend the underwriting period, and Eder understood this, after all, he was such an option.
There is no impermeable wall, and the two parties did not want to keep it secret after the agreement was signed. So when Edel got a deal, Morgan Jr. already knew the news.
"Bang, bang, dang."
In Morgan's office, a variety of voices rang out. Let the subordinates who are guarding the outside tremble, many people have never seen their chairman lose his temper so much.
As for the scattered office, little Morgan's gloomy face was dripping. "Rockefeller, it's good that you dare to take the target from me."
This could not help but make him angry, because he had finally seized the opportunity to force those Romanians to open up the financial markets. The annual profit is huge. This has been in his mind since Romania first revealed its desire to sell two billion Treasury bonds on Wall Street.
As a financial capitalist, he has seen the development of Romania in recent years. For more than a decade, it can be said that Romania's economic development has led the way in Europe, and the weakness of its domestic financial industry is completely seen by Morgan Jr. drooling. Not being able to make a profit from Romania was uncomfortable for him, and although he didn't know why Romania needed such a large sum of money this time, he saw it as a great opportunity for Wall Street to open up the Romanian financial market.
And this opportunity has now been ruined by the guy who commanded the oil digging, how can this not make him angry.
It's just that getting angry now doesn't help things, and if you miss the opportunity, you miss it. Thinking of this, little Morgan, the king of finance, can only secretly hurt himself.
As for Eder, after taking the main results of this visit, the task ahead is easy. After visiting several major cities in the United States, he sailed aboard the Delcy cruise ship to his next destination, Japan, after a visit in San Francisco on June 13. Next will be visits to Asian countries and regions, and these visits are basically not purposeful, which makes him feel like sightseeing.