Global debt markets were struck by a huge spike in volatility on Tuesday as fears of a nuclear catastrophe in Japan sent credit spreads sharply wider and drew mixed reactions from borrowers who are in the market with new deals. [ID:nLDE72E1W8]
Short-term fundraising plans for some international borrowers are now likely to be disrupted as the standstill that began in Japan's domestic bond market begins to ripple through international debt capital markets.
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