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International Financial Instruments Presentation
International Financial Instruments Presentation
INSTRUMENTS
Ankur Srivastava*
Sabyasachi Mondal*
Shankha Sengupta*
*Doctoral Research Scholar,
IBS, Hyderabad
Foreign Currency Convertible Bonds (FCCB)
FCCBs may be defined as debt instruments denominated in foreign
currency and are generally subscribed by non-residents ; the bonds may
be converted into equity shares of the issuer after a pre-decided period at
the pre-defined strike price, or, may be paid off at a conditioned premium
Participatory notes are like contract notes and are issued by foreign
institutional investors, registered in the country, to their overseas
clients who may not be eligible to invest in the Indian stock markets