0 used to describe a situation in which shareholders in a company are given bonds to replace their shares:
In a debt-for-equity swap, the firms creditors received 99.5% of the new companys 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 firm's creditors received 99.5% of the new company's shares.
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 contrast to debt-for-equity swaps, debt-for-nature swaps do not compromise national sovereignty since no property exchange takes place.