1. IIMB-
  2. Students Scholar Bank
  3. PGP
  4. CCS
  5. 2013
Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/17943
Title: Foreign currency convertible bond issues: Motivations and implications-An Indian perspective
Authors: Doshi, Aditya 
Garg, Aditi 
Keywords: Financial performance;Foreign Currency Convertible Bond;FCCB;International trade;Foreign exchange;Financial institutions;Accounting
Issue Date: 2013
Publisher: Indian Institute of Management Bangalore
Series/Report no.: PGP_CCS_P13_086
Abstract: FCCB issuances were a rage during 2003-08. Indian issuers took advantage of a burgeoning economy and very soft exchange rates to go on a shopping spree in international markets. The ‘Acquisition Bug’ bit the Indian companies and how! Indian companies borrowed at cheaper rates using complex convertible instruments to fund their acquisitions. The logic was undeniable; borrow in the currency in which you expect to receive cash-flows in the future, THE NATURAL HEDGE an elegant concept indeed!.
URI: https://repository.iimb.ac.in/handle/2074/17943
Appears in Collections:2013

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