Exchangeable bonds are the same except that the option is to convert to another entity's stocks.

“可对换债券”与“可转换债券”类似,唯一的不同的是转换为另一家公司的股票.

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In contrast, the issue of exchangeable bonds lower financing costs, the amount of financing as well.

与此相比, 发行可交换债的融资成本较低, 融资额度也较大.

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