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 Glossary   >   D   >   "Debt swap" Definition   

        Debt swap

A set of transactions (also called a debt-equity swap) in which a firm buys a countrys 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


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Debt swap - A set of transactions (also called a debt-equity swap) in which a firm buys a countrys 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 : a set of transactions (also called a debt-equity swap) in which a firm buys a countrys 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.