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Partially Convertible Debenture (PCD)

What is 'Partially Convertible Debenture - PCD'

A type of convertible debenture, part of which will be redeemed by the issuing company after a specified period of time and part of which is convertible into equity or preference shares at the end of the specified period. The ratio of conversion for the partially convertible debenture is decided by the issuer when the debenture is issued.

Explaining 'Partially Convertible Debenture - PCD'

Any partial conversion will be optional at the hands of the debenture holder. Partially convertible debentures differ from fully convertible debentures, in which all of the instrument must be converted into equity.


Further Reading


Which developmentalism? A Keynesian–Institutionalist proposal
www.elgaronline.com [PDF]
… the election of various governments critical of neoliberalism in Latin America, and partly to the … the most frequent constraints on growth in countries with an internationally non-convertible currency: that … of aggregate demand because, lacking a system to finance public debt, it was …

The role of internal financial sources in firm financing and investment decisionsThe role of internal financial sources in firm financing and investment decisions
www.sciencedirect.com [PDF]
… the election of various governments critical of neoliberalism in Latin America, and partly to the … the most frequent constraints on growth in countries with an internationally non-convertible currency: that … of aggregate demand because, lacking a system to finance public debt, it was …

Liberalisation v. Regulation: An Appraisal of SEBI and its Guidelines for Investor ProtectionLiberalisation v. Regulation: An Appraisal of SEBI and its Guidelines for Investor Protection
heinonline.org [PDF]
… the election of various governments critical of neoliberalism in Latin America, and partly to the … the most frequent constraints on growth in countries with an internationally non-convertible currency: that … of aggregate demand because, lacking a system to finance public debt, it was …

Can Delegating Bank Regulation to Market Forces Really Work?Can Delegating Bank Regulation to Market Forces Really Work?
papers.ssrn.com [PDF]
… the election of various governments critical of neoliberalism in Latin America, and partly to the … the most frequent constraints on growth in countries with an internationally non-convertible currency: that … of aggregate demand because, lacking a system to finance public debt, it was …

Capital markets: Securities regulations, derivatives and debt marketsCapital markets: Securities regulations, derivatives and debt markets
search.proquest.com [PDF]
… the election of various governments critical of neoliberalism in Latin America, and partly to the … the most frequent constraints on growth in countries with an internationally non-convertible currency: that … of aggregate demand because, lacking a system to finance public debt, it was …