Distressed exchange/Definition: Difference between revisions

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imported>Nick Gardner
(New page: <noinclude>{{Subpages}}</noinclude> The replacement of a bond by its issuer with a new security of lower value such as a bond with a lower coupon or par value.)
 
imported>Nick Gardner
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The replacement of a bond by its issuer with a new security of lower value such as a bond  with a lower coupon or par value.
The substitution of a [[bond]] by its issuer with an [[Asset (finance)|financial asset]] of lower value.

Latest revision as of 05:34, 18 February 2010

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Distressed exchange [r]:

The substitution of a bond by its issuer with an financial asset of lower value.