0 used to describe a situation in which shareholders in a company are given bonds to replace their shares:
In contrast to debt-for-equity swaps, debt-for-nature swaps do not compromise national sovereignty since no property exchange takes place.
At that time, the company was negotiating with its creditors to either extend the debt repayment deadlines or engage in a debt-for-equity swap.
In a debt-for-equity swap, the firm's creditors received 99.5% of the new company's shares.
The company ran into financial difficulties in 2004 and needed to implement a debt-for-equity swap in order to complete implementation of a group restructure.
In a debt-for-equity swap, the firms creditors received 99.5% of the new companys shares.
