what is fccb conversion?

Question

when will company recieve cash for the fccb issued?? during issue of bond or during converting bond to equity???

Answer 1

FCCB stats for "foreign currency convertible bonds" and, as with any other bonds, the company receives cash when the bond is issued.

Convertable bonds are are bonds which can be exchanged for stock in the corporation. If the bond holder chooses to exchange the bond for equity, there is usually (always?) a simple exchange. The company does not receive any cash at the time of the conversion.