The biggest debt deal of the year from eastern Europe wasn’t the Yukos loan, or the Poland dollar deal, or even the Gazprom blowout. For once, the banks involved don’t want to tell you how well it went, and it probably doesn’t appear on any league table. That’s because it’s an arms financing deal, one of the biggest private financings of this type for several years.
In November 2002, Poland agreed to buy 48 F-16 jets from Lockheed Martin, through the US government’s foreign military sales programme.
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