Jane Street Issues $14.6 Billion in Bonds to Fund Technology, Expand Trading
Jane Street issued $14.6 billion in bonds, with proceeds intended to fund technology infrastructure and expand its trading strategies. According to people familiar with the matter, the market maker issued senior secured notes maturing in 2031, 2033 and 2036, with respective sizes of $5.86 billion, $5.13 billion and $3.64 billion. The longest-maturity tranche was priced to yield 8.088%. The fixed-rate bond offering, led by JPMorgan, is part of Jane Street’s plan to repay floating-rate loans and restructure its $11 billion debt burden, according to Bloomberg.
Jane Street issued $14.6 billion in bonds, with proceeds intended to fund technology infrastructure and expand its trading strategies.
According to people familiar with the matter, the market maker issued senior secured notes maturing in 2031, 2033 and 2036, with respective sizes of $5.86 billion, $5.13 billion and $3.64 billion. The longest-maturity tranche was priced to yield 8.088%.
The fixed-rate bond offering, led by JPMorgan, is part of Jane Street’s plan to repay floating-rate loans and restructure its $11 billion debt burden, according to Bloomberg.
According to people familiar with the matter, the market maker issued senior secured notes maturing in 2031, 2033 and 2036, with respective sizes of $5.86 billion, $5.13 billion and $3.64 billion. The longest-maturity tranche was priced to yield 8.088%.
The fixed-rate bond offering, led by JPMorgan, is part of Jane Street’s plan to repay floating-rate loans and restructure its $11 billion debt burden, according to Bloomberg.