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Synthetic Convertible Debt
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(1) A debt and warrant package structured to resemble a traditional convertible debt issue. The components of the package may be separable, unlike traditional convertibles, or they may be in the form of an equity-linked note. (2) An equity- linked note issued by an entity other than the issuer of the underlying equity instrument. See also Equity-Linked Note (ELN) (diagrams), Hybrid Debt.
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