BORROWER OF THE YEAR: GMAC
Bob Almon is the Euromarkets’ Mister Nice Guy. He is vice president responsible for borrowings at General Motors Acceptance Corporation (GMAC) the biggest corporate borrower in the world with liabilities of around $70 billion–a global debt somewhere between that of Brazil and Mexico.
When he takes GMAC to market, his aim is not to squeeze the last drop out of the investor. GMAC is such a heavy borrower that it needs to come again and again to the same markets, and to diversify into new ones.
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