Distinguish between the following: 'FCCB' and 'FCEB'.

Foreign Currency Convertible Bonds (FCCBs) are issued by a company to non-residents giving them the option to either convert them into shares of the same company at a predetermined price or have the bonds redeemed. On the other hand, Foreign Currency Exchangeable Bonds (FCEBs) are issued by the investment or holding company of a group to non-residents which are exchangeable for the shares of the specified company at a predetermined price. The key difference, therefore, is while FCCB involves just one company, FCEB involves at least two companies where the bonds are issued by a company while the shares are of 'offered company' whose shares should be listed on stock exchange.