Topic Details (Notes format)

FCCB (Foreign Currency Convertible Bond)

Subject: Economy

Description

FCCBs are bonds issued in a foreign currency that can be converted into equity shares of the issuing company. They provide an avenue for companies to raise capital internationally. Example: An Indian company issues FCCBs in U.S. dollars that investors can convert into shares if the stock performs well.

Summary

FCCBs are foreign currency bonds convertible into equity shares.