What are FCCB and IDR?
Answer / bjanmejai
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.
A negotiable, bank-issued certificate
representing ownership of stock
securities by an investor outside the
country of origin.An IDR is the non-U.S.
equivalent of an American Depositary Receipt (ADR).
Is This Answer Correct ? | 10 Yes | 3 No |
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