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Debt swap |
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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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| Panama's proficient debt management has also reduced the outstanding debt stock and improved the debt profile through various debt swaps and buyback operations. 7 Private banks $10 Various debt swaps $7 Local pension funds $3 World Bank $2. Although it is not a panacea for the country's debt burden - estimated at over five billion dollars - the debt swaps have provided Madagascar with the resources with which to fund conservation programmes. |
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