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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 5/16/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

E*Trade to redeem $414.7 million 7 3/8% notes with new issue proceeds

By Toni Weeks

San Diego, May 16 - E*Trade Financial Corp. intends to fully redeem its $414.7 million of 7 3/8% senior notes due 2013 with the net proceeds from its planned offering of $435 million of senior notes due 2016, according to a company news release.

J.P. Morgan Securities LLC is the bookrunner for the new issue.

E*Trade is a financial services company based in New York.


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