Chapter 4023 Funding Gap
Three days later, all Constellation car prototypes were in the hands of car dealers in various countries. As for these car dealers, without exception, all car orders were sold out within one day. All car manufacturers announced to the public that car sales were unprecedentedly good. All orders had been successfully placed, and there were many customers. Request further subscription.
Faced with this unprecedented good news, Chrysler is undoubtedly the biggest winner. Its newly appointed president Jessica has proved her ability and proved that although she is a Hollywood actress, she can still take charge of an automobile giant. For a time, the news about how Lin Feng repaid the loan was replaced by the hot sales of Chrysler's Constellation car, and Jessica also appeared on the cover of "Time" for the first time. In the past, even when Jessica was a Hollywood superstar, she had never had such an honor. Unexpectedly, with another identity, Jessica did it. It has to be said that life is really full of all kinds of incredible things.
At this time, on the other side, Lin Feng's repayment period only had five days left.
"Boss, current statistics from each of its companies show that under reasonable financial conditions, they can raise up to 20 billion US dollars. The emergency plan can raise and lend 45 billion US dollars, but the money must be repaid within a week, otherwise there will be The company's turnover is difficult!" Lin Chiling reported.
Lin Feng nodded.
"Ellison, Li Zekai, Zong Qinghou, and Donald, within their normal range and without affecting them, can raise and lend US$12 billion. If mortgages are used, approximately US$21 billion can be raised and borrowed! Lin Chiling exclaimed.
Lin Feng’s greatest achievement in his life was not the ‘Second Financial Group’. But these friends. brother. When Lin Feng was in trouble. can provide assistance.
"Chief Harmandan can also provide us with an aid of US$5 billion, and Prime Minister Berlusconi said that he can use the power of consortia and the government to unite with the French government to give us a loan of US$1 billion!" Lin Chiling said.
Lin Feng does not feel that the loan of US$1 billion from the Italian and French governments is small. This may seem like a small amount of money, but for a country controlled by law. Everything requires the approval of Congress and a vote, and the loan amount cannot be too high. After all, repayment issues must be taken into consideration. And this usually lends the EU to a country, which is about US$1 billion. Being able to lend yourself $1 billion is already pretty good.
"Boss, and President Putin of Russia, he said that he can use Russia's foreign exchange reserves to lend us US$20 billion free of charge and interest-free!" Lin Chiling said.
Lin Feng was surprised. Putin was generous enough this time. But obviously. Putin will definitely have follow-up conditions. So, I can’t borrow it here. Lin Feng would not borrow it.
"What about China? Is there any news?" Lin Feng asked, lighting a cigar.
"Currently, there has been no movement from the four major domestic banks, and I have not taken the initiative to contact Mr. Wen!" Lin Chiling looked indignant. France, Italy, and Russia were all willing to lend money to Lin Feng, but there was no movement in the country. Isn't this chilling?
"Are there other aspects?" Lin Feng asked.
"No more. According to my current statistics, under normal circumstances, we can raise and borrow US$58 billion! If extreme circumstances are included, we can raise US$92 billion!" Lin Chiling let out a long sigh. Under extreme fundraising conditions, this debt can still be used to raise and borrow more. This US$80 billion cannot defeat Lam Feng.
"Haha, so let me tell you, there is no need to rush at all." Lin Feng said with a smile.
In fact, during these ten days, Lin Feng didn't really live happily and do nothing every day. Lin Feng also secretly contacted Gaddafi. Gaddafi said nothing about Lin Feng's borrowing needs. He patted his chest and promised that whenever Lin Feng needs it, he can provide more than 30 billion US dollars in loans at any time. On the other side, although the country in Somalia is rebuilding, if the country's reconstruction is suspended, US$5 billion can still be allocated urgently.
Of course, in addition to this, Soros also promised to temporarily withdraw US$10 billion in funds. If Lin Feng really has a funding gap, he can withdraw up to US$15 billion in funds without disturbing the entire financial market. Rio Vanta also promised that if Lin Feng needed it, he could use funds from an emergency account to help Lin Feng. And this amount of money, Leo Vanta guarantees will be at least more than 50 billion US dollars.
Therefore, with these guarantees, Lin Feng is not worried at all. There's really nothing to worry about. This is where Lin Feng's confidence lies.
"Boss, in fact, you don't need to allocate funds like this at all. The 350 billion can be used to repay the loan. Of course, even if you don't use it to repay the loan, you should put it in the stock market." Soros muttered.
"Haha, Soros, this fund is used to repair the house. I promised that I will never use it for other purposes. Naturally, I will not use this fund. If I break my trust, is it still me?" Lin Fengxiao He once again rejected Soros's well-intentioned suggestions.
Based on the current fund raising situation, Lin Feng plans to first raise 20 billion US dollars from the company, then borrow from friends, then borrow from the Italian and French governments, and then borrow from Gaddafi, so that the funds are basically in place. As for Russia, it is excluded as much as possible. Putin is an extremely strong president. It is really hard to borrow his money and repay his favors. Although he has a good relationship with him, if he affects his plan for the revival of Russia, Lin Feng has no doubt that Putin may use KGB agents to get rid of him. He is not like the US government, which has many restrictions. In Russia, Putin has the sole power.
When Lin Feng was completely relaxed, a piece of news came that he didn't know whether it was bad news or good news.
"Boss, the Second Bank has a big funding gap. More and more Chrysler Constellation car loan orders have come in, and now they have exceeded 10 billion US dollars. We have already loaned out all the funds in our hands. Now the bank is almost empty and can only cope with ordinary daily cash expenditures. Once a large amount of cash is withdrawn, I am afraid that our bank will have no money to withdraw!" The president of the Second Bank, Pete, called.
Lin Feng frowned slightly. This Constellation car has been very popular recently, and Lin Feng knew it. Jessica was on the front page of Time magazine because of this, and Lin Feng personally called to congratulate her. But are these people all paying for their cars through loans? This is too incredible. After all, before this, this kind of loan was discussed and supported by data. Although it is normal to buy things with loans nowadays, it is unlikely that everyone will go to borrow money to buy a car, and even if they do, they will borrow as little as possible if their finances allow. After all, this loan always has to pay interest, and even if there is no interest, there are still handling fees and the like.
But now everyone is applying for a loan, and it is a full loan, which is a bit unexpected.
"Also, boss, the orders are still coming in continuously. It is said that there will be more than 3 million orders. If all of them come, we can't accept so many, so we can only refuse!" Pete said helplessly.
Now almost all the deposits of the "Second Bank" are being drained out. If it weren't for the fact that most of the big depositors are some of Lin Feng's friends or some business partners, they would not withdraw funds casually. Even if they withdraw funds, they will mostly circulate them within the bank, that is, from the "Second Bank" account to the "Second Bank" account of another company. Therefore, Pete can still hold on. But he can't hold on with 3 million loan applications.
Reject? If he refuses, it will not only break his promise, but also curb the revival momentum of "Chrysler". This is what Lin Feng doesn't want to see. Lin Feng doesn't want to hinder the revival of "Chrysler", nor does he want Jessica's enthusiasm to be hit.
"Pete, no matter how many orders there are, as long as they meet the credit standards, then get the loan as soon as possible. As for the funds, I'll find a way!" Lin Feng ordered.
Pete frowned. He felt that there must be something wrong. There were so many large orders all of a sudden, and the Abu Dhabi consortium asked Lin Feng to repay the loan, which was enough to show that there was something wrong. In this case, the best situation is to temporarily stop lending. But Lin Feng agreed to lend, and he had no choice. After all, Lin Feng was the boss of the company and the largest shareholder. He agreed, and he couldn't object. Besides, he also believed that Lin Feng should understand the risks.
After hanging up the phone, Lin Feng fell into deep thought. Now that the "Second Bank" suddenly encountered a shortage of money, it showed that there was something fishy behind it. Chrysler's sales of 3 million seemed to be very exaggerated.
"Chiling, help me check the background and identity of these dealers!" Lin Feng ordered.
There must be something wrong with the identities of these dealers, but what exactly is their identity behind them, that needs to be checked.
"Boss, what about the funds of the "Second Bank"? How to solve it? From where are the funds drawn for assistance?" Lin Chiling asked. From a personal point of view, she also hopes that Jessica can succeed. If she is curbed, it will undoubtedly be a blow to her.
"Well, we won't draw funds from the companies for the time being. The 'Second Bank' only needs deposits. As for deposits, I have a way!" Lin Feng smiled slightly, and then he called Gaddafi.
"Haha, Lin, what's the matter? Do you need funds? Just ask, and the funds will be in place immediately. And you don't have to rush to repay me. I don't need money for the time being, and I can repay you with arms!" Gaddafi laughed. (To be continued)