JLC C1 Bonds Plc, which is a wholly owned subsidiary of JLG Group plc, aims to raise up to £100 million at 3%.
£10 million of bonds have already been issued under the programme.
The proceeds from the bond will be secured against a pool of loans to be lent to SMEs by the JLG Group.
Alfred Henry Corporate Finance acted as the Corporate Advisers in relation to this transaction.