"By October, Oleg could have exchanged equity for loans with anybody in the world," Mr. Remchukov said.
Rite Aid, which is based in Camp Hill, Pa., said it would also exchange equity for $67.5 million in bank debt and secured notes.
Many construction, retail and real estate companies have also reached agreements with their bank lenders to exchange equity for their debts.
As part of the arrangement, Daimler and the Nissan-Renault alliance agreed to exchange equity stakes, such that Nissan and Renault will each hold 1.55 percent of Daimler's shares and the German company will hold 3.1 percent in each of its new partners.
But the progress in the union talks gives Chrysler a better chance to seal its proposed alliance with the Italian automaker Fiat, and also to exchange equity for debt with its lenders.
Last week, the Wall Street Journal reported that the two companies were in talks to exchange equity ahead of today's announcement.
"Our previous business model exchanged equity from startup companies for services, and wrapped that equity into funds that we then sold to investors.
The Global Banking & Markets segment provides corporate lending, equity & debt underwriting, and mergers & acquisitions advisory services, as well as capital markets products and services, such as fixed income, derivatives, prime brokerage, securitization, foreign exchange, equity sales, trading & research, energy and agricultural commodities.
It has a diverse portfolio of properties operating across the globe, with investments in key sectors including healthcare, currency exchange, equity brokerage, education, prepaid electronic distribution, real estate development, oil and gas, information technology, and facilities management.
Valuable advertising placement is generally either given to web sites by media partners for free or exchanged for equity.
