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what is the major difference between ECBs and FCCBs.
how is the accounting treatment done to them as to mitigate
the forex fluctuation?
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Answer Posted / biju ramakrishnapillai
External Commercial Borrowings is a wider term, and it includes Foreign Currency Convertible Bonds before conversion into equity.
ECB is borrowings and when FCCB is converted into shares, it changes the form - from Debt into Equity- and it is no more ECB.
Hope this helps.
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