After the demise of MF Global, one could call Jefferies and CEO Richard Handler survivors.

FORBES: Jefferies And CEO Handler Survive Q4 Scare, Shares Rally On Earnings

"No one can question the deterioration in the sovereign balance sheet or banking system, but it seems counterintuitive to cite possible financing gaps when a large, " bond issuance was about to close, said Richard Segal, emerging market strategist at Jefferies International.

WSJ: Slovenia Bond Sale Postponed

"It has been an opportune time for corporate borrowers from Eastern Europe to tap the international bond markets, with many Russian, Kazakh and Ukrainian names taking advantage of the stretch for yield to borrow in dollars for the first time since the global crisis, " says Richard Segal, emerging-market strategist at Jefferies International.

WSJ: Investors Snap Up Eastern Europe Debt