Definition for : Exchangeable bonds

Exchangeable bonds are bonds issued by a company that may be redeemed at the request of their holders into shares of a company other than the issuer of the bonds or in cash.
(See Chapters Chapter 7 How to cope with the most complex points in financial accounts and Chapter 21 Other debt products of the Vernimmen)
To know more about it, look at what we have already written on this subject