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Script of International Monetary - Financial Dialogue: Group 5
Script of International Monetary - Financial Dialogue: Group 5
FINANCIAL DIALOGUE
GROUP 5
Class: International Economics 61A
Type of Education: AEP
Members:
Trần Đăng Minh Quân - 11194365
Phan Như Quỳnh - 11194512
Phạm Thị Minh Tâm – 11194603
Nguyễn Thị Thắm - 11194647
Phí Thị Minh Ngọc - 11193845
Đặng Khánh Nam - 11193547
Nguyễn Hồng Nhung - 11194049
Phùng Hữu Duy Phong - 11194146
Australia Singapore
Head of CEO & Managing Head of Finance Minister –
delegation director – Scarlett delegation Lee Wei Ling
Witch (Phạm Thị Minh
(Nguyễn Hồng Tâm)
Nhung)
Deputy chief of Executive vice Deputy chief of Deputy Minister
delegation 1 president strategy – delegation 1 of Finance – Lin
Harley Quinn (Phí Lifan (Phan Như
Thị Minh Ngọc) Quỳnh)
Deputy chief of Chief commercial Deputy chief of Minister of
delegation 2 officer - Richard delegation 2 Foreign Affairs –
Harris Yang Wei Ling
(Đặng Khánh (Nguyễn Thị
Nam) Thắm)
Deputy chief of Financial expert – MC – Adam
delegation 3 Adam Smith Khoo (Trần Đăng
(Phùng Hữu Duy Minh Quân)
Phong)
MC: Good afternoon Ladies and Gentlemen, let me introduce myself, my name is
Adam Khoo. I am the host of the DIALOGUE today. I am very pleased to
welcome everyone to the MONETARY - FINANCIAL DIALOGUE on trading
bond between Singapore and Australia, we hope that the negotiation session will
take place out to great success.
This side is the Australia delegation, CSL Limited company, I would like to
introduce the Head of the Australia delegation, CEO & Managing director Scarlett
Witch and three deputy chiefs of the Australia delegation: Executive vice president
strategy Harley Quinn, Chief commercial officer Richard Harris and Financial
expert Adam Smith. Let's give them a nice round of applause (xin 1 tràng vỗ tay)
And the other side is Singapore delegation, I would like to introduce the Head of
Singapore delegation, Finance Minister Lee Wei Ling and two deputy chiefs of
Singapore delegation: Deputy Minister of Finance Lin Lifan and Minister of
Foreign Affairs Yang Wei Ling. Give them a big round of applause please.
Please pay attention to the negotiation will begin now.
The Singapore delegation please speak!
Minister of Thank you, Mr. Khoo. To be honest, we are very grateful and delighted
Foreign Affairs to welcome Australia CSL Limited company today. I hope that we will
– Yang Wei have an effective discussion and cooperation.
Ling (Nguyễn
Thị Thắm)
CEO & We are very pleased to meet you. According to our company’s goal at
Managing the beginning of next year, we will continue to discuss the issue of
director – trading bonds between your government and our company. Have you
Scarlett Witch received our document yet?
(Nguyễn Hồng
Nhung)
Minister of Yes Madam, we have. Thank you. I hope we can reach an agreement
Foreign Affairs today, but we still have a few unsolved questions that we would like to
– Yang Wei clarify.
Ling (Nguyễn
Thị Thắm)
CEO & Madam, it’s our responsibility to answer all your questions. In this bond
Managing issue, we will spend all the money on the project of producing vaccine
director – UQ-CSL V451 and antiviral drug Immunoglobulin for Covid-19. Based
Scarlett Witch on the close bilateral partnership between our countries, our corporation
(Nguyễn Hồng as well as the Australian government share the view that Singapore is a
Nhung) leading partner for us in this project.
Finance We highly appreciate your recognition. We are glad that you will be able
Minister – to produce your own vaccine UQ-CSL V451 and antiviral drug
Lee Wei Ling Immunoglobulin for Covid-19 in the near future. However, we also have
(Phạm Thị Minh a lot of concerns about your project. And our main concern is the
Tâm) posibility of success of this project because it will have a strong impact
on investors whether to buy your bonds or not.
We would like to know how many doses of vaccine UQ-CSL V451 and
you will produce and especially further information about your antiviral
drug for Covid-19? Could you please clarify this point for me?
Chief Yes Madam, we plan to produce 100 million doses of the vaccine UQ-
commercial CSL V451 by the beginning of 2022 for Australians who have not been
officer - Richard vaccinated and some countries in Asia; and 70000 doses of antiviral
Harris drug COVID-19 Immunoglobulin for severe cases in our country. We
(Đặng Khánh will provide you the profile with detail now. We propose to issue 95,6
Nam) million five-year bonds with purchase price of 121,37 USD, coupon
rate 5% and yield to maturity is 0,644%.
Coupo Bond Price at different Yields
n rate -100 -50 bp -25 bp 0,644% +25 +50 +100
bp bp bp bp
5% 127,0 124,1 122,7 121,37 119,9 118,64 115,98
7 8 6 9
Finance As far as your proposal is concerned, we think that the high coupon rate
Minister – also means the high risk. We are wondering about the possibility of the
Lee Wei Ling project's success.
(Phạm Thị Minh
Tâm)
Chief We sympathetically understand your concern, especially when Covid-19
commercial is going on seriously and there are some countries in the world
officer - Richard producing vaccines, which create a certain competition among countries
Harris and corporations producing vaccines upcoming. However, we can
(Đặng Khánh extremely guarantee the right quality of vaccine and drug COVID-19
Nam) Immunoglobulin to deal with as many strains of virus SARS-CoV-2 as
possible and our revenue.
Deputy Minister Madam, definitely we look forwards to seeing your success. Could you
of Finance – Lin can give us some time to discuss, please?
Lifan (Phan
Như Quỳnh)
Financial expert Of course, Madam
– Adam Smith
(Phùng Hữu
Duy Phong)