<< Read Full Article
<< Read Full Article
(Updates stock price moves throughout)
Financial stocks finished lower Monday, with E*Trade Financial (ETFC Quote) among the decliners after the company announced it has launched a debt exchange.
E*Trade on Monday launched a $1 billion debt exchange offering as part of its capital restructuring plan announced last week.
E*Trade is offering to exchange more than $1 billion of convertible debentures due in 2019 for all of its 8% senior notes due in 2011. The company is also offering the exchange to holders of a portion of its 12.5% springing lien notes due in 2017, it said. Citadel Investment Group, E*Trade's largest stock and bondholder, has agreed to participate in the debt exchange offer. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet