FCCB / GDR

Foreign Currency Convertible Bonds are optionally convertible bonds issued in a currency other than Indian Rupees. A convertible bond is a mix between a debt and equity instrument. It acts like a bond by making regular coupon and principal payments, but these bonds also give the bondholder the option to convert the bond into shares at the expiry of the term of the Bond.

Global Depository Receipt means any instrument in the form of a depository receipt or certificate created by the overseas depository bank outside India and issued to non-resident investors against the issue of ordinary shares of the Issuing Company. Global Depository Receipt facilitates trade of shares, especially those from emerging markets. Prices of GDR's are often close to values of underlying shares.

We at SPA offer services to assist companies to raise funds through international markets in the form of FCCBs and / or GDR.