JD Capital p.l.c. has announced the issuance of €40,000,000 5.6% Secured Bonds redeemable in 2035, with a nominal value of €100 per bond issued.
Please find the prospectus relating to the respective bond issue here.
Business Overview
With a legacy spanning over four decades, the Dimech family has long been involved in the aluminium, steel, and stainless-steel industries. The origins of this journey trace back to 1979, when the family established their first venture, J’s Dimech. Josef Dimech, having honed his skills in wrought iron craftsmanship under his father’s guidance at a small workshop in Msida, transformed his early passion into a full-fledged entrepreneurial pursuit.
Josef Dimech’s entrepreneurial milestone came in 2004 when, at just 25 years old, he took the bold step of launching his own company, JSDimech Com-ind. That same year marked a pivotal shift, as the business relocated from its original Msida premises to a significantly larger facility in Birkirkara to accommodate its growth.
By the time he reached the age of 30, Josef Dimech had firmly established his foothold in the local market, successfully building and diversifying his client base through consistent service and technical excellence. Today, the Group stands as a key player in its sector with a continued focus on expansion and innovation.
Use of proceeds
The net proceeds from the €40 million bond issue-anticipated to amount to approximately €39.2 million after deducting issuance expenses-will be allocated across several strategic initiatives within the JD Capital Group, as follows:
- €5 million will be allocated for the redemption and cancellation of the Maturing Note, acquired from the Maturing Noteholder as part of a transfer arrangement.
- €8.5 million will be on-lent to ONEA Properties, to refinance existing obligations-specifically the outstanding balance and accrued interest under the FIMBank Facility.
- €3.456 million is earmarked for a loan to Skorba Developments. The funds will finance the reversal of a previously signed promise of sale involving 10 apartments and four penthouses at Skorba Mansions. The amount includes the refund due to the third-party buyer and interest accumulated until the agreement’s rescission date.
- €2.535 million will be loaned to JD Real Estate Development to facilitate the purchase of Villa Delfini.
- €7 million will be allocated to JD Operations to support the acquisition of 3PL infrastructure and equipment, as outlined in section 6.2.5 of the Registration Document.
- The remaining balance approximately €12.709 million will be used by JD Capital for general corporate purposes across the Group.
How to apply
The bond will be available to both Existing holders of the 7.25% JD Capital Plc 2025-2027 private placement bonds through a maturing bond transfer, and to the general public through Intermediaries Offer. 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 platform.
Online
You can apply through our award-winning platform, Moneybase, 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 following instrument on Moneybase and specify the amount of bonds for which you would like to subscribe:
5.6% JD Capital plc 2035 – General
Advisory
If you prefer to speak to a financial advisor you can simply visit one of our branches in Birkirkara, Mosta, Sliema and Fgura, or contact our customer support on +356 25 688 688. For further assistance you can also contact us through our in-app live chat, available 7 days a week.
The minimum application amount is €5,000 and in multiples of €100 thereafter.
The offer period closes on 9th May 2025 at 17:00 CET. The issuer reserves the right to close the offer period earlier.
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).
This is a marketing communication. This is a complex instrument. The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. Investing in the bonds of the Issuer may result in a loss of some or all the capital invested. Prospective investors wishing to subscribe to the bonds should make their own assessment as to the suitability of the investment after reading the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds. Prospective investors are to consult their independent financial advisor as to the suitability or appropriateness of investing in the bonds. Prospective investors are advised that where an appropriateness assessment is not required investors do not benefit from the corresponding protection afforded under the Conduct of Business Rules.
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.
