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What is FCCB?
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Answer / deepak
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 a foreign currency. A company may issue an FCCB if it intends to make a large investment in a country using that foreign currency.
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