Translation guide
A financial bond that can be exchanged for shares of a company other than the issuer. In Japanese, this is typically expressed with the loanword エクスチェンジャブル債 or the descriptive phrase 他社株転換社債.
A bond that can be converted into shares of a company other than the issuer.
The direct loanword from English, commonly used in financial contexts.
Our company issued exchangeable bonds.
An exchangeable bond (エクスチェンジャブル債) is exchanged for shares of a company other than the issuer, while a convertible bond (転換社債) is exchanged for shares of the issuer itself. In Japanese, 転換社債 (convertible bond) is more common, so be careful not to confuse the two.
A descriptive Japanese term meaning 'convertible bond into shares of another company'. Used in formal documents.
This exchangeable bond is expected to be held until maturity.
A literal translation meaning 'exchangeable bond', but less common than the loanword or technical term. May be used in explanatory contexts.
Exchangeable bonds can be converted into shares of a company other than the issuer.
Convertible bonds are converted into the issuer's own shares, while exchangeable bonds are converted into shares of another company.