Jefferies Group has raised $1.29 billion in stock and debt offerings, Reuters reports. The U.S. investment bank also raised $800 million in a sale of corporate bonds. The bonds carry a coupon rate of 5.125%, and are due to mature in 2018. Jefferies, JP Morgan Securities, Natixis Bleichroeder and Citigroup Global Markets were the joint bookrunners for the stock offering, while the bank itself was sole underwriter for the bond deal. The company will use the proceeds to finance its takeover of Prudential’s commodities and derivatives trading business.
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