1. FCCB is issued by an Indian company in foreign currency.
2. These are listed and traded in foreign stock exchange and similar to the debenture.
3. It is a convertible debt instrument. It carries interest coupon. It is unsecured.
4. It gives its holders the right to convert for a fixed numbers of shares at a pre – determined price.
5. It can be converted into equity or depository receipt after a certain period.
