debt-equity swap


Also found in: Financial.

debt-equity swap

A method used by companies to reduce debt by swapping existing bonds (a form of debt) for newly issued stock (a form of equity).
References in periodicals archive ?
Company president and CEO Ricardo Sarmiento said in a briefing yesterday that the company had submitted an application for a second debt-equity swap to the Securities and Exchange Commission.
Before infusing fresh taxpayer money in DSME, the government requested corporate bondholders and commercial paper holders to agree on a 50 percent debt-equity swap and 50 percent debt rescheduling on their receivables worth 1.
It is principally engaged in asset management, investment and financing businesses, non-performing assets acquisition and disposal, cross-border financial services and industrial investment, asset management entrustment business, investment in property and related sectors, debt-equity swap, mergers and acquisitions and asset restructuring businesses.
Although banks always had the option o convert debt to equity, the SDR allows lenders to bypass he pricing norms which requires the debt-equity swap to take place at a six month average price.
The reorganization plan, largely a debt-equity swap, would give bondholders $375 million in secured debt, 97.
The report states that high profitability, capital injections by some banks, and debt-equity swap of one bank have further improved the solvency of banking sector.
When companies go bankrupt, a debt-equity swap is a fair and efficient solution.
2bn) senior debt maturing in February 2013, targeting debt-equity swap deals, the report said.
9m in a debt-equity swap to improve capital levels.
5 percent stake in the electronics company, most of which they acquired as the result of a debt-equity swap while the company went through a debt restructuring program.
ADPnews) - Oct 1, 2009 - Czech financial and investment group PPF Group said it bought on Wednesday 50% plus one share in Russian consumer electronics retailer Eldorado in a debt-equity swap worth USD 300 million (EUR 206m).
The European Commission opened, on 15 September, a formal investigation into Romania's plans to grant a 135 million debt-equity swap and a state guarantee of 339.