That first deal was for $15 million. But once the way to sidestep the obstacles that stopped cash flowing offshore had been flagged, there was nothing to stop more money following its path. In the second half of 1963, $35 million of eurobonds were sold. In 1964, the market was $510 million. In 1967, the total passed a billion dollars for the first time, and it is now one of the biggest markets in the world.
