Foreign Currency Convertible Bond

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A convertible bond that is issued in a currency other than the issuer's own. A company may issue an FCCB if it intends to make a large investment in a country using that foreign currency. For example, when an American company issues a convertible bond in euros because it intends to build a factory in Germany, this is a foreign currency convertible bond. Like all convertible bonds, an FSSB is a bond that a bondholder may exchange, at a certain price, for common stock in the company issuing the bond. The number of shares one receives for each bond and the price one pays for those shares are determined when the convertible bond is issued. This allows bondholders to take advantage of both the low risk of a bond and the potential price appreciation of the underlying stock. The FCCB also reduces the foreign exchange risk for the issuer.

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No references found			Jefferies has become a leader in the issuance of foreign currency convertible bonds (FCCBs) and provides for the issuance of ordinary equity shares through Global Depositary Receipts (GDRs) and American Depositary Receipts (ADRs). Jefferies Appoints Head of Investment Banking in India by Business Wire Notes to Editors Bloomberg Markets ranked Jefferies at number 4 among Issuers of Foreign Currency Convertible Bonds for Indian companies in calendar 2006. Jefferies Opens Office in India, Continuing Global Expansion by Business Wire MUMBAI, India -- Prajay Engineers Syndicate, a leading Hyderabad-based construction company, with presence across residential, commercial and hospitality, has raised US $60 million by way of a Foreign Currency Convertible Bonds issue in the international markets. Prajay Engineers Syndicate Raises US $60 mn Through FCCB Issue: At ... by Business Wire			forbearance Forbearance Agreement Forbes 500 Forbes Global 2000 Forca maior force majeure Force Majeure Risk Forced Conversion Forced Liquidation forced sale Forecasting foreclosure Foreign Assistance Act of 1961 Foreign Bank Supervision Enhancement Act Foreign Banking Market Foreign Base Company Income Foreign Bond Foreign Bond Market Foreign Branch foreign corporation Foreign Corrupt Practices Act Foreign Credit Insurance Association Foreign Crowd Foreign Currency Foreign Currency Contract Foreign Currency Convertible Bond Foreign Currency Effect Foreign Currency Forward Contract Foreign Currency Future Foreign Currency Futures Contract Foreign Currency Option Foreign Currency Translation Foreign Debt Foreign Direct Investment Foreign Equity Market Foreign Exchange Foreign Exchange Broker Foreign Exchange Control Act Foreign Exchange Controls Foreign Exchange Dealer Foreign Exchange Market Foreign Exchange Rate Foreign Exchange Risk Foreign Exchange Swap Foreign holdings foreign investment in real estate Foreign Investment in Real Property Tax Act Foreign Investment Risk Matrix foreign judgment Foreign Market Foreign Market Beta			Foreign Corrupt Practices Act Foreign Corrupt Practices Act Foreign Corrupt Practices Act of 1977 Foreign CounterIntelligence Foreign Counterintelligence Program Foreign Counterpart Visit Program Foreign Country Foreign Country Foreign Credential Recognition Foreign Credential Recognition Program Foreign Credentialing Commission on Physical Therapy Foreign Credentials Referral Office Foreign Credit Insurance Association Foreign Credit Insurance Association Foreign Criminal Jurisdiction Foreign crowd Foreign Currencies Foreign Currencies Foreign currency Foreign currency Foreign currency Foreign currency Foreign currency Foreign Currency Account Foreign Currency Adjustment Foreign Currency Bank Foreign Currency Banking Units Foreign Currency Bearer Certificate Foreign Currency Contract Foreign Currency Contracts Foreign Currency Convertible Bond Foreign Currency Convertible Bonds Foreign Currency Convertible Note Foreign currency denominated account Foreign currency denominated account Foreign Currency Deposit Foreign Currency Deposit Unit Foreign Currency Effect Foreign Currency Exchange Foreign Currency Exchange Corp. Foreign Currency Export Finance Facility Foreign Currency Fluctuation Foreign Currency Fluctuation Account Foreign currency forward contract Foreign Currency Forward Contracts foreign currency future Foreign Currency Futures Foreign currency futures contract Foreign Currency Futures Contracts Foreign Currency Non-Resident Foreign currency option Foreign Currency Option Contract Foreign Currency Option Contracts Foreign Currency Options Foreign currency reserve Foreign currency reserves

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