Question

Which of the following is NOT correct about HDFC Bank's $1.75 billion dollar bond issuance?

A It was the bank's second such issuance in two months
B The three-year bond had initial guidance of T+120 bps
C The five-year bond had initial guidance of T+130 bps
D It received a junk rating from both agencies
E Indian banks raised over $3 billion in dollar bonds in the preceding 10 days
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