FIXEDINCOME
CORPORATE · USD · UNITED STATES · SECURITY TEAR SHEET
JEFFERIES 6.00% Jun 2033
Jefferies Financial Group Inc.
Corporate
US Investment Banking
Investment Grade
Senior unsecured notes of Jefferies Financial Group (NYSE: JEF), a leading mid-size US investment bank with strengths in M&A advisory, leveraged finance, equity and debt underwriting, and trading. A capital-markets-sensitive issuer with a 60+ year franchise.
Buy
GKCM Recommendation
Key Terms
Coupon6.00%
Coupon Freq.Semi-annual
MaturityJun 18, 2033
Tenor Remaining6.9 yr
CurrencyUSD
TickerJEF
Issuer TypeCorporate
CountryUnited States
Key Strengths
- 01Investment-grade senior unsecured paper with a double-digit-billion equity base
- 02Top-5 US M&A advisor by deal count; counter-cyclical advisory franchise
- 03Diversified revenue across IB, capital markets, and asset management (Leucadia legacy)
- 04Strong liquidity profile; conservative VaR versus bulge-bracket peers
Key Risks
- 01Investment banking fee pool is cyclical — earnings volatility tied to deal and issuance activity
- 02Leveraged finance exposure during credit downturns
- 03Higher beta than money-center banks; rating sits at the low end of investment grade
- 04Subordination risk versus operating-subsidiary creditors
GKCM View
Buy
Attractive IG carry for USD-mandate portfolios looking to extend duration past the 7-year point without taking sovereign frontier risk. The ~6.00% coupon offers a meaningful pickup over the UST 10Y. Sized appropriately, this is a core IG building block for clients seeking US corporate exposure with high name recognition.
— GKCM Fixed Income Desk · 2026-06-24
This tear sheet is prepared by GK Capital Management for informational purposes only and does not
constitute an offer or solicitation to buy or sell any security. Indicative metrics shown are subject to
change without notice. Credit ratings are sourced from public rating agency reports as of the publication
date and may have moved since. Past performance is not indicative of future results. Investors should
consult their advisor before transacting in any fixed income security.