Abramov, a major supplier and therefore a creditor, chose to swap their debt for equity, buying additional debt from other creditors.

然而作为公司主要的供货商，阿布拉莫夫这一次扮演了债权人的角色，他选择了以股票的方式抹去了两家公司的债务，并且向其它债权人收购回了两家公司的其它债务，因此，阿布拉莫夫名正言顺地成为了公司的大股东。

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Some academics argued bank creditors should be forced to swap their debt for equity, for example.

举例来说一些学者认为银行的债权人应该用他们的负债交换资产。

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Even that proved a stopgap; on December 3rd it was announced that the Banks would swap the debt for 75% of the ordinary equity and a slug of preference shares.

但即使那样也仅是临时性的，12月3日，公司宣布将通过债转股把债务转换成全部普通股的75%和一部分优先股。

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Germany is waiting for details of a debt-equity swap that Russia proposed last month.

ECONOMIST: Russian debt: Promises, promises | The

Short of liquidating the firm, a mixture of asset sales and a debt-equity swap may be the lesser of many evils.

ECONOMIST: State aid in Europe

The third plan, a debt-equity swap, arguably has the most market logic even if Mr Monti dislikes it because it would make last year's rescue package irreversible.

ECONOMIST: State aid in Europe