NYSE:JEFCapital Markets
A Look At Jefferies Financial Group (JEF) Valuation After Bond Offering And UBS Upgrade
Why Jefferies’ latest bond moves matter for stock investors
Jefferies Financial Group (JEF) has just completed a large fixed income offering, including US$1.5b of 5.500% senior notes due 2036. This provides the firm with fresh capital for general corporate purposes.
At the same time, an analyst upgrade from UBS, tied to expectations for higher returns on tangible equity, has pushed Jefferies back onto many investors’ radar as they reassess the stock’s risk and return profile.
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