Jefferies Group prepares Tuesday sale of senior notes due 2023, 2043

By Andrea Heisinger

New York, Jan. 15 - Jefferies Group, Inc. is pricing senior notes (Baa3/BBB/BBB) in two maturities on Tuesday, according to a 424B3 filing with the Securities and Exchange Commission.

The offering includes notes due Jan. 20, 2023 and a tranche due Jan. 20, 2043.

Jefferies & Co. is the bookrunner.

Proceeds will be used to pre-fund $250 million of 5.875% senior notes due in 2014 and $350 million to fund the required redemption by Jefferies High Yield Holdings LLC of two series of outstanding non-controlling membership interests. Any remainder will be used for general corporate purposes.

Jefferies was last in the U.S. bond market with a reopening of 6.875% notes due 2021 to add $200 million on April 19, 2012.

The global investment bank is based in New York City.

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