Distressed exchange/Definition: Difference between revisions

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imported>Nick Gardner
(New page: <noinclude>{{Subpages}}</noinclude> The replacement of a bond by its issuer with a new security of lower value such as a bond with a lower coupon or par value.)
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Revision as of 03:59, 18 February 2010

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Distressed exchange [r]:

The replacement of a bond by its issuer with a new security of lower value such as a bond with a lower coupon or par value.