A) Foreign Currency Convertible Bonds
B) Foreign Consortium & Credit Bureau
C) Financial Consortium & Credit Bureau
D) Future Credit & Currency Bureau
Correct Answer: A
Solution :[a] 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. It gives two options. One is, to get the regular interest and principal and the other is to convert the bond in to equities. It is a hybrid between bond and stock.
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