JD Capital plc has announced that its €40 million bond issue is fully subscribed, less than a week since the beginning of the offer period.

The bonds are secured and carry a coupon rate of 5.6 per cent.

The company’s Board of Directors thanked the investing public and participating financial intermediaries for their support.

Established by founder Josef Dimech, JD Capital plc is the holding company of JSDGroup, a group with legacy in the design, manufacture, and installation of innovative sustainable façade cladding, curtain wall systems and apertures using glass, aluminium, and steel.

JSDGroup is recognised for its leadership in enhancing architectural aesthetics and performance. It also specialises in 3PL (third party logistics), real estate investments and premier property for sale.

The proceeds from the bond issue will be used for a variety of purposes.

Up to €5 million will be used for the early redemption of €5 million of bonds with a 7.5 per cent coupon rate.

Up to €8.5 million will be used to refinance a credit facility from FIMBank, while another €7 million will be used to finance the purchase of 3PL equipment and infrastructure.

The group will also use around €2.5 million to finance the acquisition of Villa Delfini, a fully detached villa with surrounding gardens, with a 1,124sqm footprint, in Swieqi. The site has already been granted permission to be demolished and turned into two semi-detached villas.

Another €3.5 million will be used to cancel a promise of sale agreement for 10 apartments and four penthouses forming part of Skorba Mansions.

The remaining €12.7 million will be used for general corporate funding purposes.