Exchangeable bond
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In finance, an exchangeable bond (or XB) is a straight bond with an imbedded option to exchange the bond for the stock of a company other than the issuer (usually a subsidiary or company in which the issuer owns a stake) at some future date and under prescribed conditions. An exchangeable bond is different from a convertible bond. A convertible bond gives the holder the option to convert bond into shares of the issuer.
[edit] External links
- First Exchangeable Bond in Central and Eastern Europe issued by EBRD
- Dixons mulls Wanadoo exchangeable bond issue
- Allianz: Bonds and Exchangeable Bonds
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