DEBT/EQUITY SWAP
A transaction in which the obligations of a company or individual are exchanged for something of value. In the case of a publicly-traded company, this would generally entail an exchange of bonds for stock. The value of the stocks and bonds being exchanged are typically determined by the market at the time of the swap. A debt/equity swap is a refinancing deal in which a debt holder gets an equity position in exchange for cancellation of the debt. Covenants in the bond indenture may prevent a swap from happening without consent.
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07:00 | Economy Watchers Survey | Jan | |
11:30 | Sentix Investor Confidence | Feb | |
01:30 | Westpac Consumer Sentiment | Feb | |
02:01 | BRC Retail Sales Monitor | Jan | |
02:30 | NAB Business Confidence | Jan | |
13:00 | NFIB Small Business Index | Jan | |
15:30 | Building Permits | Dec | |
17:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
22:30 | FOMC Member John C. Williams Speaks |