Debt swap

Debt Swap
A debt swap is designed to refinance a company and strengthen it's balance sheet.

Debt Swap
Debt Swap definition :
A set of transactions in which a firm buys a country's dollar bank debt at a discount and swaps this debt with the central bank for local currency that it can use to acquire local equity.

Debt Swap
Financial & Investment Dictionary:
Debt Swap
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Debt swaps entail replacing the foreign liabilities of a debtor country with ownership or rights of value.

A debt swap involving the exchange of a new bond issue for similar outstanding debt or vice versa. Debt for bond swap transactions are usually executed to take advantage of an interest rate change and/or for tax write-off purposes.

My understanding of the Greek debt swap deal is that it is still subject to each individual bond holder voluntarily turning in their binds for new long-term bonds at some 47 cents on the dollar. This will happen March 8 through 10th.

Hedge funds attack curbs on EU debt swaps
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Curbs on 'naked' short selling closer after Europe vote ...

Payment alternatives that provide the firm with the exact same schedule of after-tax debt payments (including both interest and principal).
Debt swap ...

[37] Subsequent swaps have sought to include local residents, especially indigenous peoples, in the decision making process and the management of lands.[38] Although "seeking" to include does not mean inclusion and recent debt swap cases in ...

See also: Equity swap, Expense, Bond covenant, Bills, Financial leverage