Exchangeable bond

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Revision as of 09:15, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13 and spacing)
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(XB).

A straight bond with 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.


See also

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