The government sold its warrants to purchase shares of Washington Federal Inc. stock for $15.4 million, the Treasury Department said Wednesday.
The Treasury sold Washington Federal's warrants with a strike price of $17.57 a share for $9.15 each. Bidding on those warrants, which expire in November 2018, started at $5 a share.
The Treasury still holds warrants for shares in several banks that have paid back at least a portion of government aid they received, including Citigroup Inc., Wells Fargo & Co. and PNC Financial Services Group Inc.
The Treasury plans offerings this week of 595,829 warrants to buy Signature Bank stock and 758,086 warrants to purchase stock of Texas Capital Bancshares Inc.
