NYSE:JEFCapital Markets
Should Jefferies’ New Long‑Dated Callable Debt Issuance Shift the Risk Calculus for JEF Investors?
Earlier this month, Jefferies Financial Group Inc. announced and completed several senior unsecured fixed-rate note offerings, spanning maturities from 2029 to 2051 with coupons between 5% and 7%, raising multiple millions of US dollars through its global medium-term note program.
This cluster of callable bond issues, including smaller tranches around US$5.2 million to US$5.9 million each, highlights Jefferies’ continued use of long-dated debt to support its funding mix and balance sheet...