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Ratios and OMO

Many times we...

Question

Many times we read in newspapers that several companies are adopting the FCCBs route to raise capital. What is the full form of FCCBs?

A

Foreign Currency Convertible Bonds

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B

Foreign Convertible Credit Bonds

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C

Financial Consortium and Credit Bureau

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D

Future Credit and Currency Bureau

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Solution

The correct option is A Foreign Currency Convertible Bonds
Many times we read in newspapers that several companies are adopting the FCCBs route to raise capital. The full form of FCCBs is Foreign Currency Convertible Bonds. Foreign Currency Convertible Bonds refer to the process of raising money in foreign currency by issuing a company

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