Jefferies Financial Prices €850M Senior Notes

By Tamara Parker • Thursday, July 09 10:51 • Permanent Link

Jefferies Financial Group priced €850 million of senior notes due 2033, locking in a 4.500% coupon and an effective yield of 4.544%.

The notes mature on July 15, 2033, seven years after the expected July 15, 2026 settlement date. Jefferies is using the proceeds for general corporate purposes.

The new issue adds a sizable euro-denominated funding line to Jefferies’ balance sheet. At €850 million, the offering is larger than many single-tranche corporate financings and gives the firm a fixed-rate borrowing cost just above 4.5% through maturity.

Jefferies International Limited served as sole global co-ordinator and joint active book-runner. Banco Santander, Citigroup, Natixis, SMBC Bank International and Société Générale were also joint active book-runners, with a broader group of banks acting as co-managers. Following these announcements, the company's shares moved 3.33%, and are now trading at a price of $52.80. For more information, read the company's full 8-K submission here.

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