Borrowers’ special: Debt handlers and risk jugglers

Our borrowers' special begins with a dealmaker's diary, looking in depth at two emerging market Eurobond issues: how JP Morgan spent over a tear lead-managing a $100 million bond for Bank Handlowy of Poland, and how Salomon Brothers sold $400 million of Colombian sovereign debt.

Who are the world’s best liability managers? In Euromoney‘s annual awards for major categories of borrower, overall winner is Sweden’s National Debt Office. we examine the skills of the most advanced sovereign borrowers: with no handy measure for return on assets or equity, how do they gauge their performance? The world’s most enigmatic borrower, China. At our round table, five major debt-handlers bite back, telling us what they like and dislike about the banks that serve them.

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