E*TRADE Financial Announces Pricing of Senior Notes

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posted:5/16/2011
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Description: NEW YORK--(EON: Enhanced Online News)--E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that it has priced an offering of $435 million aggregate principal amount of senior notes at par due 2016, which will bear interest at an annual rate of 6.75%. E*TRADE expects to close the sale of the notes on May 19, 2011 subject to the satisfaction of customary closing conditions. E*TRADE will use the net proceeds from the sale of the notes to redeem all of its outstanding 7.375% Senior Notes du a style='font-si
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