By Andrea Heisinger
New York, June 25 - Jefferies Group Inc. sold an upsized $400 million 8.5% 10-year senior notes Thursday to yield Treasuries plus 512.5 basis points, a market source said.
The size was increased from $350 million, the source said.
The notes (Baa2/BBB/BBB) priced at 98.914 to yield 8.663%.
Bookrunners were Citigroup Global Markets Inc., Jefferies & Co. and J.P. Morgan Securities Inc.
Proceeds will be used for general corporate purposes, including further development of the business.
The securities and investment banking firm is based in New York City.
| Issuer: | Jefferies Group Inc.
|
| Issue: | Senior notes
|
| Amount: | $400 million, increased from $350 million
|
| Maturity: | July 1, 2019
|
| Bookrunners: | Citigroup Global Markets Inc., Jefferies & Co., J.P. Morgan Securities Inc.
|
| Coupon: | 8.5%
|
| Price: | 98.914
|
| Yield: | 8.663%
|
| Spread: | Treasuries plus 512.5 bps
|
| Trade date: | June 25
|
| Settlement date: | June 30
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
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