Businesses and governments around the world have rushed to raise tens of billions of dollars from bond markets, embarking on a frenetic round of new year fundraising amid fears that interest rates are set to jump.
A flurry of issuers including Sir Richard Branson's Virgin Media, BMW and Manchester United football club, turned to the capital markets yesterday aiming to raise more than $20bn.
Poland and Mexico were among a number of governments that also tapped international investors.
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