James B. Finance p.l.c. announces 5.35% partially secured bonds maturing in 2035 

James B. Finance p.l.c. has announced the issuance of €30,000,000 5.35% partially secured Bonds maturing in 2035, having a nominal value of €100 per bond issued and redeemable at par. 

Find out more details in the Prospectus below. 

Business Overview

The Issuer is the finance company of the JBH Group. The Issuer does not itself carry on any trading activities other than raising capital and advancing funds to members of the JBH Group (and the related JCL Group) as and when the demands of its business so requires.  

The Issuer, the Guarantor and the Group operate primarily within Malta. The Group has also established a presence in the UAE through the launch of a training centre in Dubai. As part of the Group’s internationalisation strategy, the Group is exploring additional investment opportunities outside Malta that align with its business interests. 

The Group is primarily organised into three key business divisions: 

• catering; 

• staff outsourcing; and 

• healthcare.   

In addition to its core business operations, the JBH Group is also active in the real estate sector, maintaining a portfolio of immovable properties with the objective of acquiring or leasing properties, which are subsequently leased or sub-leased to JC Retail, a member of the JCL Group, in support of the expanding operations of the broader James Caterers Group within the catering industry. The properties are sub-leased to JC Retail for commercial purposes, specifically for the operation of catering establishments, namely: ‘Chiaro Trattoria & Grill’ located in Birzebbugia; ‘Helu Manna Gluten Free Kafeterija’ located in Valletta and San Gwann, and ‘James Bakes and Cakes’ located in Zebbug. 

Use of Proceeds

The aggregate proceeds from the bond issue, which net of bond issue expenses are expected to amount to approximately €29.5m, are intended to be utilised by the Issuer for the following purposes: 

• up to €7.9m shall be on-lent by the Issuer to James Caterers Limited for the purpose of refinancing the outstanding principal due in terms of the BOV Facility; 

• up to €10.0 shall be on-lent by the Issuer to the Guarantor for the purpose of part-financing the acquisition of the MHCL-KORE Shares; 

• up to €6.0m shall be on-lent by the Issuer to James Caterers Limited for the purpose of refinancing the Food Factory Extension; 

• circa €4.9m shall be on-lent by the Issuer to the Guarantor for the general corporate funding purposes of the JBH Group; and 

• the remaining amount of circa €0.7m shall be on-lent by the Issuer to James Caterers Limited for the general corporate funding purposes of the JCL Group. 

How to apply

There are no fees to apply, this includes both nominee and non-nominee (certificated) applications. 

If you are interested in participating in the Bond Issue and need to fund your account with us, we strongly recommend that you send a bank transfer to the IBAN provided on your account for fast straight-through processing. This can be found easily on your portfolio and statement reports or via the Moneybase platform. Please contact customer care if you are unable to locate this. You can also fund your account by card through the Moneybase app. 

Online

Our award-winning platform, Moneybase is available as an app on both Android and IOS app stores and on the web. 

Should you prefer to apply online, kindly look up the instrument applicable to you from the below list and specify the amount of bonds you would like to subscribe: 

5.35% James B. Finance plc 2035

The minimum application amount is €2,000 and in multiples of €100 thereafter.  The minimum application amount is €2,000 and in multiples of €100 thereafter.  

Advisory

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us calling our customer support on +356 25 688 688. 

If you need assistance our ISO-certified customer care team is available to assist 7 days a week. 

Calamatta Cuschieri Investment Services Limited is a member of the Maltese Investor Compensation Scheme. Instruments entrusted with us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09). 

Marketing Communication: The value of the investment can go down as well as up. Prospective investors wishing to subscribe to the bonds should make their own assessment and carefully consider the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds and should seek the assistance of a financial advisor if in doubt. This advertisement was approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 370. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.