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| Bruce Jackson |
IT WAS THE deal of the year in central and eastern Europe – not a sovereign Eurobond, a corporate high-yield issue or an IPO, but a transaction that emerged from the heart of the military-industry complex. It was the biggest debt financing of the year – a $5.5 billion off-balance-sheet deal arranged by JPMorgan and guaranteed by the US government. You haven’t read about it, because it was to finance Poland’s acquisition of 48 F-16 military aircraft from Lockheed Martin.
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