Instruments Used to Raise Foreign Currency Funds | Financial Management

There are various kinds of financial instruments to raise foreign currency funds. FCCB and GDR/ADR are explained below: Financial Instrument # 1. Foreign Currency Convertible Bonds: FCCB are debt instruments issued in a currency with an option to convert them in equity shares of the issuing company, if the investor chooses to do so, at a pre-determined strike rate. FCCB [...]