question_answer

Suzlon Energy Ltd, the world's fifth largest wind turbine maker, announced a cashless restructuring of its existing PCCBs worth $485 mn after it failed to repay $209 mn of debt. Expand the term FCCB.                   

A) Foreign Currency Curative Bonds

B) Foreign Currency Categorised Bonds

C) Foreign Currency Concession Bonds

D) Foreign Currency Convertible Bonds

E) None of these