A foreign currency convertible bond is a special type of bond issued in a currency other than the home currency. In other words, companies… Read Article
An external commercial borrowing (ECB) is an instrument used in India to facilitate Indian companies to raise money outside the country in foreign currency.… Read Article
What are Zero Coupon Bonds?Zero-coupon bonds (ZCB), also known as deep discount bonds. These bonds do not carry any coupon rate. They are issued… Read Article
Debt covenants are certain statements in the loan agreement (or bond indenture) that restrict the borrower from doing certain things. The purpose of such… Read Article
Hybrid financing instruments are those sources of finance that possess characteristics of both equity and debt. Some well-known hybrid financing instruments are preference shares,… Read Article
The term ‘External Source of Finance / Capital’ itself suggests the very nature of finance/ capital. External sources of finance are equity capital, preferred… Read Article