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HDFC priced its biggest-ever rupee bond issuance ahead of merger with HDFC Bank. It raised ₹_______ crore at 7.97% coupon.

1. 38,000
2. 41,000
3. 50,000
4. 25,000

Correct answer: 25,000

Solution

HDFC's record rupee bond issuance of ₹25,000 crore at 7.97% coupon was issued ahead of the HDFC-HDFC Bank merger to fund credit requirements.

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