GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FCCB stands for -
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Form currency convertible bonds
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Forex currency convertible bonds
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Foreign currency convertible bonds
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Future currency convertible bonds
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Explanation:
Detailed explanation-1: -A foreign currency convertible bond (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 foreign currency. A convertible bond is a mix between a debt and equity instrument.
Detailed explanation-2: -Issue of foreign currency exchangeable bonds (FCEB) are regulated by Foreign Currency Exchangeable Bond. Scheme 2008 issued by Ministry of Finance, Department of Economic Affairs.
Detailed explanation-3: -Bonds that are issued in a currency foreign to the issuer. Written by CFI Team. Updated January 24, 2023.
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