E*Trade holders exchange $34.3 million total of 7 3/8%, 8% notes

By Susanna Moon

Chicago, June 13 - E*Trade Financial Corp. said it issued 9,062,378 share in exchange for $34.3 million of its 7 3/8% senior notes due 2013 and 8% senior notes due 2011, according to an 8-K filing with the Securities and Exchange Commission.

Between June 10 and June 13, the company said it issued 4,700,690 shares to holders of $18 million of the 7 3/8% notes and 4,361,688 shares to holders of $16.3 million of the 8% notes.

New York City-based E*Trade provides financial services including trading, investing, banking and lending for retail and institutional customers.

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