Plz help me to know the Differences Between FCCB and GDR??
Siddarth R Sunder Ram
(Finance Professional)
(230 Points)
Replied 19 June 2010
FCCB (foreign currency convertible bonds) means the company issues bonds denominated in foreign currency and these bonds will be convertible in nature i.e they can be converted into equity at a future date.
In case of GDRs (Global Depository Receipts), the issuing company deposits its shares to a depository through a custodian bank and in return the company gets proportionate amt of GDRs. These GDRs are then issued to investors in the foreign market which can be freely traded in those stock exchanges.
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