他た社しゃ株かぶ転てん換かん債さい

noun

exchangeable bond

A bond that can be exchanged for shares of a company other than the issuer. Often contrasted with 転換社債 (convertible bond).

See also: 他社株転換社債 (たしゃかぶてんかんしゃさい)

• 他た社しゃ株かぶ転てん換かん債さいは、発はっ行こう会がい社しゃ以い外がいの株かぶ式しきに交こう換かんできる社しゃ債さいです。

  An exchangeable bond is a corporate bond that can be exchanged for shares of a company other than the issuer.