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What Does Fully Convertible Debenture – FCD Mean?

April 26, 2017convertible debenture Education FCD fully glossary Investment mean

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What Does Fully Convertible Debenture – FCD Mean?

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A type of debt security where the whole value of the debenture is convertible into equity shares at the issuer’s notice. The ratio of conversion is decided by the issuer when the debenture is issued. Upon conversion, the investors enjoy the same status as ordinary shareholders of the company.