Jefferies lands 'on the screws' with first euro deal since 2014
The financial institutions bond market is showing no signs of fatigue in Europe, with US financial services company Jefferies Group preferring euros over dollars for the first time since 2014 on Friday. There was some debate about fair value for its €500m deal, given the lack of outstanding comparables.
They started out with price thoughts of 150bp area over mid-swaps for the deal, which was being sold out of Jefferies' holding company.One ...
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