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English definition of “debt-equity swap”

debt-equity swap

noun [C] ( also debt/equity swap)
 
 
( also debt-for-equity swap, debt swap)
FINANCE an agreement in which a company offers shares to its creditors (= banks and organizations that lend it money) so they will reduce the amount of its debt: The debt-for-equity swap could create more than 1.5 billion new shares.
ECONOMICS, FINANCE a financial arrangement in which a country's government gives local currency, shares, etc. to foreign investors who agree to pay part of the government’s foreign debts: The Treasury Secretary needs to establish a viable debt-equity swap program if it hopes to attract private foreign capital.
(Definition of debt-equity swap from the Cambridge Business English Dictionary © Cambridge University Press)
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