Jefferies Financial Prices $1.1B Senior Notes at 5.125%

By Chris Stiles • Friday, April 24 11:15 • Permanent Link

Jefferies Financial Group Inc. priced $1.1 billion of 5.125% senior notes due 2031, locking in an effective yield of 5.304% on debt that will mature on April 28, 2031.

The company said the notes are expected to settle on April 28, 2026. Proceeds from the offering are earmarked for general corporate purposes.

The financing adds to Jefferies’ debt stack at a time when it is tapping the market for long-term funding. The notes carry a 5.125% coupon, while the effective yield came in 17.9 basis points higher at 5.304%, indicating investors demanded a slightly richer return than the stated interest rate.

Jefferies named Jefferies LLC as sole global coordinator and joint book-runner, SMBC Nikko Securities America as joint book-runner, and BNY Mellon Capital Markets, Citigroup Global Markets and Natixis Securities Americas as senior co-managers. A long list of additional firms served as co-managers on the deal. The market has reacted to these announcements by moving the company's shares 1.61% to a price of $40.28. For the full picture, make sure to review Jefferies Financial's 8-K report.

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