1987 – Year of the shrinking market?
“I expect 1927 to look a lot like 1986 in the volume total borrowings,’ said Albert Lord, chief financial officer of Sallie Mae. “We’ll probably borrow $3 billion next year. But I expect that a smaller percentage of the total will be offshore.’
About half the agency’s financing in 1986 was in the Euromarkets. But the fall of the dollar has made offshore financing look less attractive. “It’s problematic looking ahead,’ said Lord, “because of the uncertainty that remains about the dollar.
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