💵 What are Foreign Currency Convertible Bonds (FCCBs)?

👉 **FCCBs** are special types of bonds issued by Indian companies to raise money in **foreign currency** (usually US dollars) from international markets.

✅ Key Features:

* 📑 **Debt Instrument**: They are foreign currency denominated **debt certificates** issued by firms.

* 💰 **Payments in Foreign Currency**: Both interest and principal repayment are done in foreign currency.

* 🔄 **Convertible Option**: Investors have the option to convert these bonds into the company’s **equity shares** before maturity.

⚡ **Why do companies issue FCCBs?**

• To raise funds at lower interest costs.
• To attract global investors.
• To provide flexibility with the conversion feature.

📌 In short: FCCBs = **Debt + Equity Option**, making them attractive to both companies and international investors. 🌐📈