Jefferies prices €850M note offering at 4.5% yield
What's the deal? Jefferies Financial Group (NYSE: JEF) has priced a public offering of €850,000,000 in 4.500% senior notes due 2033. The offering — a post-IPO debt raise worth roughly $918,000,000 — carries an effective yield of 4.544% and is set to settle on July 15, 2026.
What's the endgame? The investment bank intends to use net proceeds for general corporate purposes. Jefferies plans to seek admission of the notes to Euronext Dublin's Global Exchange Market, subject to approval.
Who's involved? Jefferies International served as sole global coordinator and joint active book-runner. Banco Santander, Citigroup, Natixis, SMBC Bank International, and Société Générale acted as joint active book-runners, alongside a broad group of co-managers.
The signal: The euro-denominated raise underscores Jefferies' reach into European debt markets and ranks among the larger financings of its kind, sitting in the top half by amount. For one of the world's leading full-service investment banks, tapping continental investors at a fixed 4.5% coupon points to steady demand for financial-sector paper.
Read more: Stockhouse
Image credit: Images_of_Money
