Exchangeable bond (or XB) is a type of hybrid security consisting of a straight bond and an embedded option to exchange the bond for the stock of a company other than the issuer (usually a subsidiary or company in which the issuer owns a stake) ...
exchangeable bond investment & finance definition
A special type of convertible security that permits the holder to exchange the bond for shares of a company in which the issuer has an ownership position.
exchangeable bond
A bond with an option to exchange it for shares in a company other that the issuer.
exchange-traded fund ...
TAXABLE EXCHANGEABLE BOND - A bond (sometimes referred to as a "Cinderella Bond") initially issued on a taxable basis that may convert to tax-exempt status upon the occurrence of a specified condition precedent (e.g.
Putability - this is a feature that gives the bondholder the right to force the issuer to repay the bond on a put date, which would occur before the bond's maturity date.
Exchangeability - an exchangeable bond allows the issuer to exchange ...
 See also: Bond, Exchange, Convertible, Convertible Bond, Security
  
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