Homo sapiens.

Chapter 228 Bankruptcy
Luzon.

Manila.

The headquarters of the Asian Development Bank is set up here. Even though the relationship between Luzon and America has become much colder in the past two years, the headquarters of the Asian Development Bank still has no idea of ​​moving.

At this time, the president of the ADB, Masatsugu Asakawa, was having a special meeting with the president of the Bank of Manila, Philip Lopez.

Philip put down the coffee in his hand, and asked with a smile: "Mr. Asakawa, I'm not being polite. I wonder if you are interested in selling the Ceylon foreign debt in your hand?"

"Nani? Doesn't Mr. Lopez know about the current situation?" Masatsugu Asakawa asked in surprise.

"I'd like to gamble," Philip replied intently.

"The Asian Development Bank holds a total of 67 billion Ceylon foreign debts..."

But Philip interrupted the other party: "Add the 10% held by the major consortiums of Dongying, let's make a price!"

Asakawa Masashi narrowed his eyes slightly: "That's 119 billion US dollars, if you can come up with 119 billion US dollars..."

"Mr. Asakawa thinks I'm a fool? Ceylon is bankrupt, and it may not be possible to pay back in the next 10 years, and the other party may even refuse directly, so let's say a sincere price!" Philip looked at the other party very straightforwardly.

Masatsugu Asakawa thought about it, and knew that Ceylon's foreign debts were really difficult to collect, and it took too long. Once the exchange rate changes, it may not be a good thing for the Asian Development Bank and the major consortiums of Japan.

"I need to discuss with the board of directors and Dongying's debt holders, and we will reply to Mr. Philip the day after tomorrow."

Philip smiled and shook his head: "It's okay, you can talk slowly, but my patience is limited, maybe in a few days, the price will not be the same."

Regarding this, Masashi Asakawa only had a professional smirk on his face: "I can't make a decision about this kind of thing. In fact, I really hope to cooperate with Bank of Manila."

"Then I'll wait for the good news."

Looking at the back of Philip Lopez fading away, Masatsugu Asakawa put away his smile, his eyes flickering with thought.

He was somewhat confused about the purpose of the Bank of Manila and the Lopez family.

But since he couldn't figure it out, he didn't continue to dig into the dead end. Instead, he picked up the phone and called the Dongying side first, explaining the situation to the behind-the-scenes bosses of the Dongying consortium.

Then came the meeting of the ADB Board of Directors.

The shareholding of ADB is very complicated, but it is also very simple. Just look at the top three shareholders, namely Dongying 15.6%, America 15.6%, and Huaguo 6.44%.

Therefore, holding the board of directors is actually a game between the top three shareholders.

Masatsugu Asakawa, Jim Benjamin, Guo Yujin, Li Guangming from Sing Tao, and Pu Xuanzhe from South Koryo held a video conference.

After listening to Masatsugu Asakawa's words, everyone fell into deep thought.

In San Francisco, Jim picks up his coffee and pretends to taste it while thinking quickly.

At present, in the composition of Ceylon’s foreign debt, ADB is the largest creditor on the surface, accounting for 13%, followed by 10% of the Dongying Consortium, 10% of the Bank of China, 9% of the World Bank, 2% of Tianzhu, and 9% of other countries. %.

The remaining 47% is sovereign foreign debt, which is basically held by European and American financial institutions, of which Wall Street financial groups account for about 26%, followed by 11% of British financial institutions, 6% of French financial institutions, and the remaining 4%. Other small financial institutions carve up.

Ceylon's core foreign debt is actually the 47% sovereign foreign debt, because this part is real usury.

Jim was very aware of Ceylon's foreign debt problem. He put down the coffee in his hand: "Bank of Manila wants to buy these foreign debts at a low price? I need to think about it. What is Dongying's idea?"

Asakawa Masatsugu replied with a smile: "We also need to think about it for a while."

The Asian Development Bank was originally a special product of America’s cooperation in the Asian region with the help of Japan’s leather. As a dog’s leg, Masatsugu Asakawa knew his position very well, and everything was the master’s task.

Now that Jim has not made a decision, he will naturally not express his opinion.

The directors of Sing Tao and South Koryo also behaved ambiguously.

In this regard, Guo Yujin can only follow the trend and wait and see.

At the same time as the video meeting of the ADB Board of Directors.

Since Ceylon declared bankruptcy, financial institutions holding Ceylon's sovereign foreign debt are now a little anxious.

Although state-level bankruptcy is not the same as corporate bankruptcy, there is no way to go through bankruptcy liquidation, but after entering the state of bankruptcy protection, it means that debts are frozen.

The so-called debt freeze means that the money is not repaid now, and when the money is available, then consider the matter of repaying the money.

International financial institutions want to make money. If Ceylon is in a state of bankruptcy for a long time, it means that this debt will not be repaid for a long time, or even become a bad debt.

These financial institutions now face two choices.

One is to cut the meat and leave the market. Recently, the Bank of Manila is buying Ceylon’s sovereign foreign debt at a low price in the international financial market. This foreign debt can be sold to the Bank of Manila.

Another option is to hang on and wait for Ceylon to be lifted from bankruptcy protection.

However, on October 10th, Ma Xing and the West Asia brothers secretly fled to Dubai, causing further confusion in Ceylon.

Immediately afterwards, the Solomon family and the Puda family attacked each other, and a brutal fight erupted. Finally, several representatives of the Puda family fled to Maple Leaf Country in a hurry.

The Solomon family, which had won the victory, also suffered heavy losses at this time.

Several people involved in the Solomon family died tragically in this turmoil, leaving only a 19-year-old daughter of the head of the family, who married the newly rising supernova of the Eastern Province, Disjamit, through a flash marriage.

On the surface, Diss seems to be a puppet supported by the Solomon family, but in fact he is the big crocodile who is really anti-client.

In order to ensure a stable position, Diss continued to maintain bankruptcy protection, and then announced the relocation of the capital, moving the capital from Colombo to the inland gem city in the central province.

This series of coquettish operations left the outside world at a loss.

But more troublesome things "appeared". The food reserves in Ceylon are almost exhausted, and there are successive shortages of gas, fuel, daily necessities, and medical supplies.

Diess played rogue directly and announced that the bankruptcy status would be extended until 2030.

As soon as the news comes out.

Those financial institutions holding Ceylon's sovereign foreign debt directly vomited blood, and the purchase price of Bank of Manila was also reduced to about 20% of the original price.

That is, Ceylon's sovereign foreign debt of US$250 billion, the Bank of Manila is only willing to pay US$50 billion for the acquisition.

Although many of Ceylon's foreign debts held by institutions such as the AIIB, the World Bank, Japan, and Bank of China are low-interest or even interest-free loans, if Ceylon fails to repay for a long time, it will also affect performance.

It's a pity that now Diss is a dead pig who is not afraid of boiling water. He basically looks like you can do whatever you like, and you don't have any money anyway.

This caused Bank of Manila to keep lowering the purchase price of Ceylon's sovereign debt.

Many financial institutions that felt that they could not survive, still reluctantly cut their flesh and left.

However, Philip, who is in charge of the Bank of Manila, is very clear that most of the institutions that are cutting their flesh and leaving the market are small financial institutions.

Bank of Manila currently only acquires 7.6% of sovereign foreign debt.

Wall Street Financial Group, British Financial Institutions, and BNP Paribas all chose to continue holding. Obviously, some people do not want the Bank of Manila to gain the dominance of Ceylon's foreign debt.

　Thank you for your support (ω｀), please subscribe, collect, monthly and recommendation tickets.

　　
　
(End of this chapter)