Chapter 888 I'm not afraid of him defaulting on his debt
Foreign debt, huge foreign debt!
Prince Henry was completely confused. He didn't even understand what was going on, but he ended up owing a lot of foreign debts for no apparent reason.
I was in a good mood today because I met Mr. Billy who came to visit me.
Because he had spent all his money, he thought that Billy's arrival was just in time so that he could ask him for some credit to use for his cash flow.
After all, it takes money to arrange for someone to take over the Hunter School and Warrior Base, but I never expected that they were here to collect debts.
To be exact, it is not a debt collection, but a subtle reminder that it is time to collect the interest.
"Mr. Billy, are you mistaken? When did I ever borrow money from you? And the interest is as high as 5 billion dollars. This is ridiculous."
Of course, Prince Henry refused to acknowledge the money he had never borrowed, and he felt that the matter was absurd and ridiculous.
The profit of 5 billion dollars, the principal is at least several hundred billion dollars!
"That's a bit of a joke. Do you think I could possibly lend you tens of billions of dollars? Do you know how much our royal family's assets are worth in total?"
"Mr. Billy, this joke is not funny, so please take it seriously."
The entire royal family's overt industries added together are only worth a few hundred billion dollars. Even if the shady industries are included, it will never exceed one trillion dollars.
With such a large sum of money, not only Prince Henry himself would not dare to lend it, but no one in the entire royal family would dare to lend it.
"Your Highness, I'm not joking."
"Today's visit to you is just to clarify the debt, not to press for repayment. As for the interest, you can put it aside for now. After all, your credit is trustworthy."
Billy was smiling and had a very good temperament.
As the head of the family, he must personally take charge of such a debt, especially since the borrower is Prince Henry.
He was not really afraid that the other party would default on the debt. After all, they had the support of the entire royal family and even Britain. It was only a few hundred billion.
But he received information about the change of creditors and had to come in person to clarify it.
"How much do I owe?" Prince Henry laughed.
"Fifty billion dollars," Billy replied.
"What? 50 billion dollars? Do you think I can lend that? Without the Queen's order, who can lend that much money?"
"Are you crazy about money? Mr. Billy, just enough, otherwise I will be angry!"
Facing Prince Henry's anger, Billy smiled slightly: This silly prince, you have almost embezzled all the royal property, and you don't even know it.
But he was relieved that this loan, which could almost empty their bank, was of the highest quality because the creditor was the royal family.
They like this kind of background, because they are not afraid of bad debts and it is beneficial to the expansion of their bank.
"Have you purchased shares in the Hunter School and Warrior Base?" asked Mr. Billy.
"Yes, I did buy it." Prince Henry nodded. "But is there any connection between the two?"
Billy opened the briefcase he was carrying, took out a copy of the loan and placed it in front of Prince Henry.
"This is a loan agreement, and the person handling it is Prince George."
Prince Henry was stunned for a moment, and suddenly felt very bad.
He picked up the agreement and glanced at it. It was indeed Prince George who had borrowed 50 billion dollars from the other party.
"What does it have to do with me? You don't think I'm going to pay back Prince George's money, do you? Please, even though I'm his brother, I have no obligation to help him pay back his money."
"You should go find Prince George. He's at the Hunter School."
"If you don't want to go so far, I can have someone take you to Prince George's house. Princess Mary is at home, okay?"
Ridiculous, so ridiculous.
This is the money George borrowed, what’s the point of finding me?
In the face of Prince Henry's attitude, Billy just smiled. He turned to one of the pages and pointed to the loan subject.
"Prince George is not able to borrow so much money, but the main part of the loan is the shares of the Hunter School and the Warrior School."
"You've already acquired these shares, so of course I have to confirm with you. This is not a joke."
"What?!"
Prince Henry was shocked. He picked up the contract and read it carefully. Suddenly, he felt a blackout as if he was struck by lightning.
The borrower is not Prince George, but the shares sold to himself.
In other words, after purchasing these shares, it is equivalent to taking over the foreign debt borrowed with these shares.
Billy looked at the prince's reaction with a smile, and was not in a hurry to speak. He waited patiently for the other party to calm down.
"This is a scam! It's a scam!"
“George, how dare you cheat me!”
"I don't acknowledge this debt. I never borrowed this money!!!"
Prince Henry roared angrily and was unwilling to acknowledge the loan.
But it was clearly written in black and white, and it would not disappear just because he denied it. The shares were already in his name.
The debt goes with the shares, so there is no problem if people find him.
"Mr. Billy, are you guys teaming up to cheat me?" Prince Henry stared at Billy.
"Your Highness, we only have business dealings with Prince George," Billy said calmly. "We recognize the Hunter School's shares and have valued them based on market value, confirming they are top-quality assets."
The market price is 1 point per 1 billion US dollars. There is no doubt about this because there has been a transaction before, so it will be taken into consideration by the bank.
In addition to the shares of several other seats in the Hunter School, Lei Zhen and several other founders hold nearly 80% of the shares, which is estimated to be 80 billion US dollars based on the market price.
But as the Hunter School became an instant hit and completely established its status as the world's holy temple of special forces, it came with a premium.
Taking into account future earnings and a one-time premium, based on 80% of the shares, that would be $160 billion.
This is just the Hunter School, and there is nearly 100% of the shares of the Warrior Base. Although there was no premium at the time, you can refer to the Hunter School.
It is also because of this that George was able to lend $300 billion.
He certainly cannot get a loan personally, but he can get a loan for his shares.
"Perhaps you're wondering why we didn't pledge our shares. It's because of trust." Billy smiled and said, "I have absolute faith in the royal family's credibility. You are the most noble in the world!"
The whole deceptive part lies here - there is no pledge of shares!
For banks, in order to ensure the security of loans, they need to pledge shares, but it also depends on the situation.
If the borrower is completely trustworthy, the bank has the final say on whether to pledge or not.
Simply put, Billy lent money to Prince George and signed a contract with the Hunter School and Warrior Base shares as the loan subject, but did not make a series of share pledges.
They knew they couldn't get away with this debt, no matter what time it was.
If the other party does not return it, they will be very happy instead, because it means they can use the capital to take over these two temples.
Under the operation of these bankers, they can only make a lot of money.
What if the other party refuses to pay?
It doesn't matter. The money is circulating in these banks anyway. They can just withdraw the money from your card. Nothing can be more convenient than this.
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