The world’s best borrowers in 2006
Like all good sprinters, the highly regarded team at the Turkish treasury like to get off the starting blocks ahead of their rivals. As Turkey wins the best sovereign borrower in emerging Europe category for the second year running, director general in charge of funding strategies Memduh Ackay acknowledges that the policy of leading the market with large first-quarter benchmark issuances has been crucial to success.
“We have already raised 45% of our annual borrowing target of $5.5
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