Jefferies Financial Prices €1.25 Billion Fixed Rate Notes

Jefferies Financial Group Inc. has announced the pricing of €750,000,000 3.875% fixed rate senior unsecured notes due 2026 and €500,000,000 4.000% fixed rate senior unsecured notes due 2029. The 2026 notes will mature on April 16, 2026, and the 2029 notes will mature on April 16, 2029.

The offering of the notes is expected to settle on April 16, 2024, subject to the satisfaction of customary closing conditions, and JFG intends to use the net proceeds from the offering of the notes for general corporate purposes.

This announcement reflects JFG's ongoing efforts to raise capital through fixed-rate notes for its corporate activities. It also indicates the company's confidence in the market's appetite for its debt securities.

The issuance of these notes will likely have an impact on JFG's balance sheet, with the potential for an increase in its liabilities and interest expenses. Additionally, the use of net proceeds for general corporate purposes suggests that the company may be looking to fund various operational and strategic initiatives.

This pricing announcement demonstrates JFG's ability to access the capital markets and secure funding through the issuance of fixed-rate notes, providing insight into the company's current financial strategy and position in the market. Following these announcements, the company's shares moved -2.5%, and are now trading at a price of $41.7. For more information, read the company's full 8-K submission here.

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