Convertibles

Convertible securities combine characteristics of stocks and bonds in a single security, and Jefferies' professionals combine experience and expertise to serve this complex and geographically diverse market. Dedicated personnel in the US, Europe and Asia offer expertise in the sales, trading and analysis of US domestic and international convertible bonds, convertible preferred shares, closed-end funds, warrants and structured products. The scale of Jefferies' operations helps the Firm to provide superior client service by minimizing transaction costs and maximizing liquidity. Globally, Jefferies trades in more than 250 different issues and maintains active relationships with more than 300 institutional and corporate clients, with a focus on providing unparalleled client service and attention.

With one of the largest convertible groups on Wall Street, Jefferies trades a broad range of convertible securities, from large investment-grade issues to small private transactions. Our extensive customer base and experience in valuing and trading these securities allows us to provide ample liquidity in issues for which an active secondary market seldom exists. Acting as an intermediary between investors and structuring/issuing entities, Jefferies provides objective advice about the price and structure of equity-linked products, originates and distributes these instruments, and stands ready to make a market in, and assist in the maintenance of liquidity during the products' life. In conjunction with our convertible origination effort, this group is also active in the placement of new convertible issues and equity-linked financings.

Jefferies' convertible sales and trading professionals also work closely with our analysts to disseminate research on the convertible securities universe to our institutional investors.

For more information, call +1 973.912.2825.