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What is exchangeable debt?
Posted 25 December, 2009 by Damon Osborne from Papua New Guineamy name is Damon Osborne from Papua New Guinea. I'm new at all this forex trading realm, and i came by something that i couldn't catch on to: what does exchangeable debt mean?Currency Master Answers:That's an entertaining topic, Damon. Exchangeable debt is Similar to convertibles, except this type of debt can be converted into the shares of a company other than the issuing company (usually a subsidiary). Often used by corporations to sell a large position in the shares of another company.Go to
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