debt swap

noun

1. See swap

Example Sentences

Argentine stocks and bonds also fell Thursday as investment funds flocked for the exit following news of the debt swap, which aims to ease market uncertainty in an election year and amid a stalling economy.

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Though the debt swap is technically voluntary rather than a forced restructuring, the agency - and indeed the markets - still appear to view it as a distressed event.

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Ofori-Atta said the government wanted to minimise the impact of the debt swap on small investors so would not apply the terms to Treasury bills or to holders of individual bonds.

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"The tragedy of debt distress offers a real opportunity," he added, pointing to nature-rich countries who look like ideal debt swap candidates following big drops in their bond prices this year.

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Countries with larger economies, including Ecuador and Sri Lanka, have made similar debt swap proposals,

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