Adósságcsere

Adósságcsere, also known as debt exchange or debt swap, is a financial operation where one form of debt is replaced by another. This can involve several scenarios. For instance, a company might exchange its short-term debt for long-term debt to improve its liquidity and reduce immediate repayment pressures. This often comes with a change in interest rates or repayment schedules.

Another common form of adósságcsere occurs in sovereign debt management. A country might swap its outstanding debt with its creditors, potentially for a new debt with different terms, maturity dates, or even a reduced principal amount. Such exchanges are frequently employed to alleviate a country's debt burden, especially when it faces financial distress. This can be part of a broader debt restructuring program, aiming to make the debt more manageable and sustainable for the issuing entity.

Adósságcsere can also involve trading debt instruments. Investors might swap one type of bond for another, seeking better yields, lower risk, or a different maturity profile. The underlying motivation is to optimize the investor's portfolio according to their financial goals and risk tolerance. The terms of the exchange are negotiated between the parties involved, and the success of the operation depends on the willingness of both the debtor and the creditor to agree to the new terms.