E*Trade Financial markets notes to fund redemption preferreds

By Cristal Cody

Tupelo, Miss., June 11 – E*Trade Financial Corp. plans to price senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities LLC and BofA Merrill Lynch are the bookrunners.

The issue will have a make-whole and a par call.

Proceeds will be used to redeem trust preferred securities issued by ETB Holdings, Inc., the parent company of E*Trade Bank.

E*Trade is a New York City-based financial services company that provides online brokerage and related products and services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.