Sep 15, 2016 07:22
7 yrs ago
1 viewer *
Spanish term
United States
M.S. Leg/Fin Translator - 12 yrs - MemoQ
Native in: English (Variants: UK, US, British) 
Works in: Spanish to English, Portuguese to English, French to English, and 2 more.
la conversión de deuda para reducir el precio pagado
Spanish to English
Bus/Financial
Economics
Economics paper: Chile\'s economic history before, during and after Allende\'s dictatorial rule
Text:
"Durante la ronda de privatizaciones entre 1984 y 1989 se vendieron empresas que tradicionalmente habían sido del Estado; se privatizaron total o parcialmente 27 empresas de teléfonos, telecomunicaciones, energía, acero, transporte aéreo y minería. Los compradores fueron particulares, incluidos los trabajadores de las empresas, sus ejecutivos, instituciones como los fondos de pensiones y capital extranjero que utilizó la conversión de deuda para reducir el precio pagado; las únicas empresas que permanecieron al margen fueron CODELCO, ENAP, el Banco del Estado y Ferrocarriles del Estado (FUENTE)."
"precio pagado" is what I'm having an issue with. In reference to debt, the only element I can think of is "cost of debt (paid?)," but then "pagado" coupled with "precio" has me thinking of the payable balance to be reduced (via a debt settlement agreement, which I unsure was the case) at the time of such a debt conversion.
"Durante la ronda de privatizaciones entre 1984 y 1989 se vendieron empresas que tradicionalmente habían sido del Estado; se privatizaron total o parcialmente 27 empresas de teléfonos, telecomunicaciones, energía, acero, transporte aéreo y minería. Los compradores fueron particulares, incluidos los trabajadores de las empresas, sus ejecutivos, instituciones como los fondos de pensiones y capital extranjero que utilizó la conversión de deuda para reducir el precio pagado; las únicas empresas que permanecieron al margen fueron CODELCO, ENAP, el Banco del Estado y Ferrocarriles del Estado (FUENTE)."
"precio pagado" is what I'm having an issue with. In reference to debt, the only element I can think of is "cost of debt (paid?)," but then "pagado" coupled with "precio" has me thinking of the payable balance to be reduced (via a debt settlement agreement, which I unsure was the case) at the time of such a debt conversion.
Proposed translations
+1
4 hrs
William A McNab
New Zealand
New Zealand
Native in English
Specializes in field
New Zealand
Economics and finance
Native in: English
Works in: Spanish to English, French to English
Related KudoZ points
:
12
Selected
debt conversion to lower the purchase price [the price at which the companies were bought]
What is clear is that it is state-owned companies that are being bought, not debt per se.
What appears to have happened is that debt that was owed by these state-owned companies was converted into equity upon sale. Many of the foreign buyers were apparently financial institutions. Because the buyers effectively assumed the debt, they got a lower price for the companies they bought.
Search for "debt conversion funding" in a book called "Foreign Investment Strategies in Restructuring Economies" by John Kline and you'll get a better understanding.
What appears to have happened is that debt that was owed by these state-owned companies was converted into equity upon sale. Many of the foreign buyers were apparently financial institutions. Because the buyers effectively assumed the debt, they got a lower price for the companies they bought.
Search for "debt conversion funding" in a book called "Foreign Investment Strategies in Restructuring Economies" by John Kline and you'll get a better understanding.
4 KudoZ points awarded for this answer.
Comment: "Thanks! "
28 mins
debt conversion to lower the outstanding price
Or words to that effect. Best not to overthink it.
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Note added at 29 mins (2016-09-15 07:52:11 GMT)
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Sorry, should have posted a lower confidence level, as I have nothing to back me up.
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Note added at 2 hrs (2016-09-15 09:42:48 GMT)
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http://www.businessdictionary.com/definition/outstanding.htm...
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Note added at 29 mins (2016-09-15 07:52:11 GMT)
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Sorry, should have posted a lower confidence level, as I have nothing to back me up.
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Note added at 2 hrs (2016-09-15 09:42:48 GMT)
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http://www.businessdictionary.com/definition/outstanding.htm...
3 hrs
conversion of debt to reduce the paid price /price paid
initial investment returns
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