Foreign Currency Convertible Bond definition

Foreign Currency Convertible Bond. (FCCB) means a bond issued by an Indian company expressed in foreign currency, the principal and interest of which is payable in foreign currency. FCCBs are issued in accordance with the Foreign Currency Convertible Bonds and ordinary shares (through depository receipt mechanism) Scheme, 1993 and subscribed by a non-resident entity in foreign currency and convertible into ordinary shares of the issuing company in any manner, either in whole, or in part.
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Foreign Currency Convertible Bond. (FCCB) means a bond issued under the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended from time to time.
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Foreign Currency Convertible Bond. (FCCB) means a bond issued by an Indian company, which is denoted in a foreign currency, the principal and interest of which is payable in foreign currency too. They are governed by the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993. They are issued to non-resident entities against convertible foreign currency. These bonds are later convertible into ordinary shares of the issuing company, either in whole or in part.
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Examples of Foreign Currency Convertible Bond in a sentence

  • Offered Company: The Offered Company shall be a listed company, which is engaged in a sector eligible to receive Foreign Direct Investment and eligible to issue or avail of Foreign Currency Convertible Bond (FCCB) or External Commercial Borrowings (ECB).

  • Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible Bond.

  • Foreign Currency Convertible Bond (FCCB) Committee**FCCB committee was dissolved w.e.f.16.11.2017 Audit CommitteeThe management is responsible for the Company’s internal controls and the financial reporting process while the statutory auditors are responsible for performing independent audits of the Company’s financial statements in accordance with generally accepted auditing practices and for issuing reports based on such audits.

  • According to the information and explanations given to us, the Company has, during the year, made allotment of Equity shares to the Foreign Currency Convertible Bond (FCCB) holders on exercising the option of conversion by them as per the terms of the FCCB.

  • The company has signed settlement agreement with Foreign Currency Convertible Bond holders of principal value of USD 85,00,000 (` 4,613.80 lacs) worth of bonds and redemption premium of USD 15,64,850 (` 849.40 lacs) aggregating the total of USD 1,00,64,850 (` 5,463.20 lacs) .

  • Raised USD 36 mn (Rs 1640 mn) through a Foreign Currency Convertible Bond (FCCB) issue in November 2006.

  • Learned Counsel for Respondent No. 1 has also argued that the bonafide of the Successful Resolution Applicant is established because prior to initiation of CIRP, the Respondent No.1 was a Foreign Currency Convertible Bond holder (FCCB holder) of the Corporate Debtor who had invested a sum of approximately Rs.146.08 crores in the Corporate Debtor.

  • Loan and Interest PayableOutstanding Foreign Currency Convertible Bond and Premium Payable thereoniii.

  • During the year, the Company has issued 24,03,00,606 equity shares of Rs. 2.50 each fully paid up at a premium of Rs. 0.15 per share aggregating to Rs. 6,367.97 lakhs including premium of Rs. 360.45 lakhs to Foreign Currency Convertible Bond holders in terms of settlement of Foreign Currency Convertible Bonds (FCCBs) on preferential basis with a lock in upto 14.03.2020.

  • Foreign Currency Convertible Bond (FCCB) CommitteeThe Board of Directors at their meeting held on February 7, 2017 has constituted FCCB Committee to deal with the ongoing FCCB matter of the Company.


More Definitions of Foreign Currency Convertible Bond

Foreign Currency Convertible Bond. (FCCB) means a bond issued by an Indian company expressed in foreign currency, the principal and interest of which is payable in foreign currency. FCCBs are issued in accordance with the Foreign Currency Convertible Bonds and ordinary shares (through depository
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Foreign Currency Convertible Bond. (FCCB) means a bond issued by an Indian company expressed in foreign currency, and the principal and interest in respect of which is payable in foreign currency;
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Related to Foreign Currency Convertible Bond

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollars, Swiss Franc, Swedish Krona and New Zealand Dollars, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market or the relevant local market, if applicable, and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency means, with respect to Revolving Loans and Letters of Credit, each of Euro, Sterling, Canadian Dollars and each other currency (other than Dollars) that is approved in accordance with Section 1.06.