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Debt swap |
Also found in: Wikipedia | 0.07 sec. |
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Debt swap 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. Also called a debt-equity swap. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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? Mentioned in | ? References in periodicals archive | |
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| But for some countries, they may already be offering significant relief: Madagascar has cut its $100 million commercial bank debt in half through debt-for-nature swaps. Although debt-debt and debt-equity swaps were discussed in several papers, there was no mention of debt-for-nature swaps in which debtor nations that are rich in biological resources are allowed to reduce debt in return for preventing wilderness areas. Hurwitz and create the "hook" into the holding company necessary to force a debt-for-nature swap. |
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