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What is FCCB?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 prashant soni asked about 4 years ago

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 4 years ago

Dear Friend, --FCCB (Foreign Currency Convertible Bond) is a type of convertible bond issued in a foreign currency i.e. different than the issuer's domestic currency. --FCCBs are bonds issued by a company to raise money in a foreign currency. They have a coupon rate, that is, an interest rate. Buyers have the option of redeeming their investment or converting the bonds into equity at maturity. The payment of the principal is usually in the currency in which the money is raised -- It is the money being raised by the issuing company in the form of a foreign currency. --FCCB is a mix between a debt and equity instrument. It acts like a bond by making regular coupon and principal payments, but these bonds also give the bondholder the option to convert the bond into stock. --Bond is issued by Indian Company expressed in foreign currency [ie, Principle and interest on such security is payable in foreign currency. --FCCBs are easily marketable as investors enjoys option of conversion into equity if resulting to capital appreciation. Further investor is assured of a minimum fixed interest earnings.

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Data?1494421730 rohit awasthi answered about 4 years ago

Dear Roshni > Foreign Currency Convertible Bonds FCCB FCCB is a type of convertible bond issued in a currency different than the issuer’s domestic currency. In other words, the money being raised by the issuing company is in the form of a foreign currency. A convertible bond is a mix between a debt and equity instrument. It acts like a bond by making regular coupon and principal payments, but these bonds also give the bondholder the option to convert the bond into stock. These types of bonds are attractive to both investors and issuers. The investors receive the safety of guaranteed payments on the bond & are also able to take advantage of any large price appreciation in the company’s stock. Advantages of FCCB 1. The convertible bond gives the investor the flexibility to convert the bond into equity at a price or redeem the bond at the end of a specified period, normally three years if the price of the share has not met his expectations. 2. Companies prefer bonds as it defers the dilution of equity and earnings per share. 3. FCCBs are easily marketable as investors enjoys option of conversion into equity if resulting to capital appreciation. Further investor is assured of a minimum fixed interest earnings. Disadvantages of FCCB 1. Exchange Risk is more in FCCBs as interest on bonds would be payable in foreign currency. Thus companies with low debt equity ratios, large forex earnings potential only opt for FCCBs. 2. FCCBs mean creation of more debt and a forex outgo in terms of interest which is in foreign exchange. 3. There is exchange risk on the interest payment as well as re-payment if the bonds are not converted into equity shares. Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Marudhachalamurthi answered about 4 years ago

**FCCB - Foreign Currency Convertible Bonds**  One kind of security  Bond is issued by Indian Company expressed in foreign currency [ie, Principle and interest on such security is payable in foreign currency]  To be issued under accordance with the Foreign Currency Convertible Bonds and ordinary shares (through depository mechanism) scheme 1993  Subscribed by non-resident entity in foreign currency and convertible into ordinary shares of the issuing company in any manner either in whole or part.

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Picsjoin 2017224123730582 Archana answered about 4 years ago

Hie Roshni, **Definition of Foreign Currency Convertible Bond (FCCB) :-** A type of convertible bond issued in a currency different than the issuer's domestic currency. In other words, the money being raised by the issuing company is in the form of a foreign currency. A convertible bond is a mix between a debt and equity instrument. It acts like a bond by making regular coupon and principal payments, but these bonds also give the bondholder the option to convert the bond into stock. These types of bonds are attractive to both investors and issuers. The investors receive the safety of guaranteed payments on the bond and are also able to take advantage of any large price appreciation in the company's stock. (Bondholders take advantage of this appreciation by means warrants attached to the bonds, which are activated when the price of the stock reaches a certain point.) Due to the equity side of the bond, which adds value, the coupon payments on the bond are lower for the company, thereby reducing its debt-financing costs.

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Data?1494421636 Deep answered about 4 years ago

FCCB (Foreign Currency Convertible Bond) is a type of convertible bond issued in a foreign currency i.e. different than the issuer's domestic currency. It is the money being raised by the issuing company in the form of a foreign currency. FCCB is a mix between a debt and equity instrument. It acts like a bond by making regular coupon and principal payments, but these bonds also give the bondholder the option to convert the bond into stock.

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