可交换的债券的中文解释

与可转换债券相似，但与发行者的股票没有关系。这种债券可以转换成另一家公司的股票，而债券发行者可能本已持有这些股票。

Exchangeable Bonds的英文解释

Similar to convertible bonds but not linked to the shares of the issuer. They can be exchanged for shares in another company, which the issuer may already own.