A bond swap that aims to improve the overall credit quality of a portfolio. This involves swapping a low creditworthy bond with a high creditworthy bond, which are both otherwise identical in terms of maturity and face value, etc.
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A bond swap that aims to improve the overall credit quality of a portfolio. This involves swapping a low creditworthy bond with a high creditworthy bond, which are both otherwise identical in terms of maturity and face value, etc.
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