E*Trade redeems all outstanding 6%, 6¾% notes at 103, 108.8635

By Marisa Wong

Madison, Wis., Dec. 1 – E*Trade Financial Corp. redeemed all of its outstanding 6¾% senior notes due June 1, 2016 and 6% senior notes due Nov. 15, 2017 on Nov. 27, according to two notices.

The company redeemed its $505 million of outstanding 6% notes at 103 and its $435 million of outstanding 6¾% notes at 108.8635.

The redemption was funded with proceeds from an offering of new senior notes due 2022 along with existing corporate cash, as previously announced.

E*Trade is a New York-based financial services provider.

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