James B. Finance plc, the financing arm of James B. Holdings Limited (JBH) – the company behind the popular James Caterers – has announced that its €30 million bond has been subscribed in full.
The bond issue carries a fixed interest rate of 5.35 per cent and matures in 2035, designed to strengthen the group’s financial position and support its ongoing expansion across key sectors.
Of the total net proceeds, €7.85 million will be allocated to refinance the outstanding principal on a Bank of Valletta loan used to complete works at the company’s Bulebel facility, known as the Food Factory.
A further €10 million will go towards part-financing the acquisition of MHCL-KORE shares, relating to the recent €34.5 million transaction through which James Barbara acquired db Group’s stakes in its healthcare, in-flight catering, and human resources ventures.
An additional €6 million will be used to refinance the Food Factory Extension, while €4.95 million will be directed towards general corporate funding needs of the JBH Group, and €0.7 million will be allocated for general corporate purposes within the JCL Group.
The bonds, each having a nominal value of €100 and issued at par, were offered via an intermediaries’ offer in terms of a Prospectus dated 11th October 2025. Allocation among the authorised financial intermediaries has been made in accordance with the terms outlined in the Prospectus.
The bonds are jointly and severally guaranteed by James B. Holdings Limited. In addition, the bonds are partly secured by a special hypothec over the emphyteutical site of the Food Factory. This security covers up to €21.63 million, representing approximately 72 per cent of the total bond issue.
The bonds were admitted to the Official List of the Malta Stock Exchange on 11th November 2025, with trading commencing the following day, yesterday 12th November 2025.
Chairman James Barbara had said that a bond issue was “a natural progression” for the company.
He has become a household name in Malta, growing his business from a single confectionery to a diversified group involved in food manufacturing, healthcare, retail and human resources.
Full details of the bond issue are available in the Base Prospectus and Final Terms here.
