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Jefferies Group, Inc. Sells $400 Million of Senior Debt

^{Published on 2010-06-24 05:36:10 - Market Wire}
 

NEW YORK & LONDON--([ BUSINESS WIRE ])--Jefferies Group, Inc. (NYSE: JEF) announced today the sale of $400 million aggregate principal amount of unsecured 6.875% senior notes due 2021.

The senior notes were priced to yield 7.010% at a spread of 390 basis points over the comparable U.S. Treasury bonds. The Companya™s senior unsecured debt securities are rated Baa2/BBB/BBB (Moodya™s/Standard & Poora™s/Fitch). The expected closing date is June 28, 2010.

Jefferies & Company, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are the joint book-running managers of this offering. BNY Mellon Capital Markets, LLC, and Deutsche Bank Securities Inc. are acting as senior co-managers and BNP Paribas Securities Corp., Keefe, Bruyette & Woods, Inc. and U.S. Bancorp Investments, Inc. are acting as co-managers. A prospectus may be obtained from Jefferies Customer Reporting Group at 34 Exchange Place, Plaza 3, Suite 705, Jersey City, NJ 07311 (201) 761-7610.

Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc., and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. Offers will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.