New Delhi,May 25:The Reserve Bank of India is likely to come out with guidelines on Foreign Currency Exchangeable Bonds within a month.PTI quoting RBI sources says,the government and RBI have been discussing the matter for the past few weeks and the guidelines can be expected very soon.
FCEBs are financial instruments similar to Foreign Currency Convertible Bonds -FCCBs – in nature and allow corporates to raise money from overseas markets by issuing bonds. Indian corporates looking at raising capital abroad will get one more tool for doing so. Presently, they have the options of External Commercial Borrowings – ECBs – and FCCBs.Courtsey : AIR