Exchangeable bond (or XB) is a type of hybrid security consisting of a straight bond and an embedded 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 convertibl...
Found on
http://en.wikipedia.org/wiki/Exchangeable_bond
A bond that allows the holder to exchange the security for common stock of another company â€` generally, one in which the bond issuer has an ownership interest.
Found on
http://wps.pearsoned.co.uk/wps/media/objects/1669/1709588/glossary/glossary
No exact match found.
