Jefferies Group, Inc. Sells $800 Million of Senior Debt

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NEW YORK & LONDON--(BUSINESS WIRE)-- Jefferies Group, Inc. (NYSE: JEF) announced today the sale of $800 million aggregate principal amount of unsecured 5.125% senior notes due 2018.

The senior notes were priced to yield 5.185% at a spread of 220 basis points over the comparable U.S. Treasury bonds. The Company's senior unsecured debt securities are rated Baa2(Stable)/BBB(Stable)/BBB(Stable) (Moody's/Standard & Poor's/Fitch). The expected closing date is April 13, 2011.

Jefferies & Company, Inc. is the sole book-running manager of this offering. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Natixis Securities North America Inc., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc., Rabo Securities USA, Inc. and SunTrust Robinson Humphrey, Inc. are acting as senior co-managers. Keefe, Bruyette & Woods Inc., BNP Paribas Securities Corp., HSBC Securities (USA) Inc., JMP Securities LLC, Oppenheimer & Co. Inc., U.S. Bancorp Investments, Inc., Rochdale Securities LLC and Sandler O'Neill & Partners, L.P. are acting as co-managers.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from Jefferies Customer Reporting Group at 34 Exchange Place, Plaza 3, Suite 705, Jersey City, NJ 07311 (201) 761-7610.

Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.