When the news of Chu Jungui's reappearance spread, not surprisingly, he was met with overwhelming curses. Although the number of multi-party investors who lost money was not large and their positions were not large, they could not hold back their anger and could curse continuously for more than ten hours, truly achieving one against a hundred. In comparison, the short side was much more elegant. At most, they could only mock Chu Jungui for his stupidity. This kind of ridicule was quickly slapped in the face by people in the industry: He has tens of billions in hand, how much money have you made? Even if you have ten million dollars, you still have the nerve to ridicule someone for not making money?
The excitement is only limited to a corner of the market. In fact, it is no longer as attention-grabbing as it was a few days ago. After the big institutions gave up and left the game, there were not many significant players in this game. There are many institutions participating in the release of Lightyear, but many of them are co-publishers and the number of participants is not large. And except for Hengyuan and Shenjian, other large institutions rarely directly compete with the short side. Regardless of whether Light Years is good or bad, it is just a business for these institutions, and it is over after earning the distribution fee.
Guaranteed harvest despite drought and flood, this is how banks play.
Chu Jungui now knows that the total number of existing lightyear bonds on the market is only 35 billion, which is still the face value. This is also the part that Chu Jungui needs to repay. The existing short orders are about 50 billion, and the leverage is not high. . It is easy to guess who the remaining stock belongs to, because all the 30 billion bonds that Chu Jungui privately sold to Jane have been sold and have not yet returned to Jane's hands. In other words, Jane's short position is at least 30 billion.
After this calculation, there are approximately less than 10 billion scattered short positions left on the market, which naturally became Chu Jungui's target. As for Jane, she was automatically ignored by Chu Jungui. This kind of opponent must be given enough respect. Chu Jungui did not feel that he could easily let her take the bait.
After thinking about it, Chu Jungui contacted Hengyuan Bank. As soon as she heard that it was Chu Jungui, the bank operator immediately wanted to find Henry, but Henry could not be contacted at this moment, so she had to transfer to another executive in charge of investment.
Chu Jungui got straight to the point: "In view of the current extreme fluctuations in bond prices in Lightyear, I decided to use Hengyuan Bank as a platform to repurchase 5 billion bonds. The repurchase price is 50 yuan and is valid until 10 o'clock tomorrow morning. If possible, The repurchase funds will be transferred to your designated account within 3 minutes.”
"...No problem at all." The executive was silent for a minute before responding.
"Very good. I repeat, this repurchase is valid until ten o'clock tomorrow, or the repurchase quota is used up." Chu Jungui emphasized again and cut off the communication.
The executive sat alone for a while, and then his assistant came in and told him that the repurchase funds had arrived.
"Then let's send out the announcement," the senior executive said.
Before leaving, the assistant whispered: "100 issuance, 50 repurchase, how many days have it been?"
The executive felt the same way, but he took a look at the Lightyear Bonds hovering around 25 yuan and couldn't help but wonder, is this guy really a good person?
But he immediately gave up his somewhat naive thoughts. How could a good person borrow 80 billion? I can’t even borrow 80,000 yuan.
The announcement caused quite a stir in the capital market, allowing people who were already in despair to see a glimmer of light, but it was just a glimmer of light. Many individual investors had already thought that the bonds in their hands were a piece of waste paper, but they did not expect that Lightyear would actually come forward to repurchase it. Although some people immediately pointed out that this was just the hypocrisy of a butcher, and they would use it in less than a month. Repurchasing the newly issued bonds at half price is more civilized than grabbing money.
However, for many investors, Lightyear was originally meant to be lost. Now that the scammer is willing to show kindness and use part of the money to repay the market, it seems that they should not miss it. After all, as a scammer, it is your duty to take the money and leave. .
The market transactions were surprisingly light. After a few hours, the transaction volume was only a few hundred million. There is still a long way to go before the 5 billion acquisition funds are used up. However, due to the impact of repurchases, the price of Lightyear bonds quickly rose to above 50 yuan. After all, if it is below 50 yuan, there will be room for arbitrage. Most of those hundreds of millions of transactions were actually arbitrage.
In the blink of an eye, the arbitrage space completely disappeared, and the investors who missed this opportunity put forward new requirements to Chu Jungui. They wanted a higher repurchase price!
At the beginning, someone proposed 80, which was a crazy number a few hours ago, but now that people have seen the repurchase price of 50, they think 80 is not impossible, and then 90, 95, 99...
At ten o'clock in the evening, a well-known financial media expert called for 102. His reason was that Chu Jungui had already made so much money, why not share it with everyone?
This view received a lot of support, and the voice of the masses was as loud as thunder! It's a pity that Chu Jungui was sitting in a perfectly soundproof suite and couldn't hear anything.
At 12 o'clock in the evening, Chu Jungui once again notified Hengyuan Bank, asking them to contact institutions on the market that still hold Lightyear bonds. He could provide two options. One was to repurchase the bonds at an unlimited price of 45 yuan, and the other was to provide 65 yuan. Yuan repurchase right, but it is required to be locked for more than 12 months.
The above two options are valid until 10 o'clock tomorrow morning. For these two plans, Chu Jungui will not explain or explain, nor will he provide any further information.
It only took Hengyuan Bank 15 minutes to complete contacts with all institutions and get preliminary feedback results. Although they didn't know what Chu Jungui wanted to do, they still completed their job as a bank efficiently and well.
By 2 o'clock at midnight, Chu Jungui had received initial feedback. About 5 billion face value bonds had been sold back. Adding in the sporadic purchases of bonds on the market, Chu Jungui had recycled 6 billion face value bonds in this round. In other words, he made another net profit of 3 billion.
There are less than 30 billion bonds in the market, and the face value of existing short positions is more than 50 billion. In this market size, the difference of more than 20 billion seems a bit dazzling.
The atmosphere suddenly became subtle.
This night was destined to be a sleepless night for many people. Many institutions that still held Lightyear Bonds held meetings overnight to try to analyze Chu Jungui's next move. However, there is very little information, and no characteristics can be analyzed from Chu Jungui's past trading style. He is like a child who does whatever he wants, doing whatever he wants. There was no further news from Hengyuan Bank. In the end, most institutions made the most reasonable, but often stupidest decision: wait and see.
Everyone is waiting for ten o'clock the next day. Only Chu Jungui was still worried, what should he say?
