The two outcome for debt-for-nature swap are:
For debtors,
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Through a debt-for-nature swap, debtor reduces its total outstanding external debt. They will be able to purchase back part of its debt in more favorable terms and pay for preservation initiatives rather than debt service and this leads to higher international purchasing power for the debtor country.
For creditos, They see debt-for-nature swaps as a strategy to disburden themselves of high-risk claims. Through selling the debt claim, they can re-invest the profit from the sale in higher-performing enterprises.