Bloomberg News

Jefferies Releases European Government Debt Position Details

November 07, 2011

Nov. 4 (Bloomberg) -- Jefferies Group Inc., the investment bank that has battled investor concern this week that it will be negatively affected by Europe’s debt crisis, released details of its positions in the region’s sovereign bonds.

The New York-based firm released a document summarizing its exposure to the debt of Italy, Spain, Ireland, Portugal and Greece. It also published a list of sovereign and government- guaranteed bonds from the five indebted nations in which Jefferies International Ltd. holds a position greater than half a million euros.

Following the collapse of MF Global Holdings Ltd., Jefferies issued several statements this week seeking to assuage concern about its holdings of European debt. MF Global, previously run by former New Jersey governor and Goldman Sachs Group Inc. co-Chairman Jon Corzine, collapsed Oct. 31 after revealing a $6.3 billion bet on Italian, Spanish, Belgian, Portuguese and Irish debt.

“These are fragile times in the financial market, and we decided the only way to conclusively dispel rumors, misinformation and misplaced concerns is with unprecedented transparency about internal information that is rarely, if ever, publicly disclosed,” Jefferies Chairman and Chief Executive Officer Richard Handler, 50, said in a separate statement.

--Editors: Benjamin Purvis, Vipin Nair

To contact the reporter on this story: Laura Marcinek in New York at

To contact the editor responsible for this story: David Scheer at

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