Welcome to a new edition of Mintos affiliate news. Our goal is to provide you with important updates, sneak previews, and other exciting information for your audience. You can use the information in this update as inspiration for your article.
This month, we’re talking about the new Fractional Bonds on Mintos and the success of our first Fractional Bonds launch. Mintos also recently developed and enabled the Secondary Market for Fractional Bonds. We’re in the process of extending our bond supply in the future, so stay tuned.
Fractional Bond updates
Following the official subscription period which ended 30.10.2023, Mintos was able to secure additional volumes of the 5-year, 13% interest rate Eleving Fractional Bond for our investors. This opportunity is currently live for a limited time and selling out fast.
Mintos received over 4 500 orders, amounting to over €1.5 million for the Eleving Fractional Bond on Mintos. We already received a lot of positive feedback about the new asset class on our platform.
Eleving Group issues €50 million in new bonds
Eleving Group issued €50 million in senior secured and guaranteed bonds (ISIN DE000A3LL7M4). Approximately 2 000 retail and institutional investors have exchanged or subscribed to Eleving Group’s new bonds. During the issue, Eleving Group offered senior secured and guaranteed bonds with maturity in 2028, a nominal value of €100, and a fixed coupon rate of 13%. The interest will be paid quarterly.
The proceeds from the bond will be mainly used to refinance the group’s liabilities, including €20 million to rebuy loans financed on Mintos. This is roughly 26% of Eleving Group’s outstanding investments on Mintos. Investors on Mintos who have invested in these loans will receive the full principal repayment plus interest during this rebuy. The rebuy is scheduled to begin gradually in the near future. Eleving Group will repurchase both performing and non-performing loans from investors and will continue to offer investment opportunities to investors on Mintos.
Fractional Bonds on Mintos
How they work: https://www.mintos.com/blog/what-are-fractional-bonds-and-how-do-they-work/
The first Fractional Bond we offered from Eleving Group: https://www.mintos.com/blog/introducing-fractional-bonds-by-eleving-group-on-mintos/
Hear more about Bonds and Mintos as a multi-asset platform from Mintos CPO Marcis Gogis and Sr. Product Owner Peteris Studens: https://drive.google.com/file/d/1EC1Qb6ghPSnCzvYftuY2LLosS-ZpSE_v/view?usp=drive_link
Key takeaways for Eleving Group Fractional Bonds on Mintos:
- Buying Fractional Bonds on Mintos is free of trading fees.
- The minimum investment amount is only €50.
- Fractional Bonds are bond-backed securities available on Mintos.
- Fractional Bonds have a unique ISIN.
- The interest rates and maturity dates are fixed. They are set by the underlying bond issuer and vary per bond. All details are available on the Mintos platform and in the product prospectus.
- Fractional Bonds can be traded on the Mintos Secondary Market.
- Investors are protected by the MiFID II investor protection framework.
The product is accessible via https://www.mintos.com/en/bonds/invest/
Image material for content creation:
To create content around Mintos Fractional Bonds, we provide you with image material from the Mintos platform, including a step-by-step picture guide:
Mintos Activity: October 2023
The month of October has shown promising growth on Mintos. Total investments saw a significant increase to €97 million, and interest earned by investors climbed to €4.2 million. This upward trend was primarily driven by stable investments, as explained Peteris Mikelsons, Head of Partnerships.
The average interest rate for October stood at 12.5%, translating to an annualized average net return of 9% (YTD 7.4%). The cumulative interest earned by investors on Mintos has now reached €254.8 million, and the total assets under administration are now €606.7 million.
Mikelsons added, “The availability of Notes for investment in EUR has risen to €81 million, marking a slight decrease from the previous month’s, but still reflecting a stable investment environment.”
New Investor Bonus
Investors will get €50 when registering via an affiliate link.
For each new investor who registers and invests €1 000 or more by 30.11.2023, they’ll get a
€50 instant bonus, and a 1% bonus of the average investment in the first 90 days.1
We exclusively share this bonus with our affiliate partners.
Terms and conditions apply.
Get started
You’ll earn €5 for every new customer who verifies their account and a 1% bonus of the average investment in the first 90 days which hits a €1 000 threshold.
- Log into your TargetCircle account
- Create promotional material
- Create a tracking link for the following page: https://www.mintos.com/en/mintos-affiliate-program
1 The bonus will be paid to investor’s Mintos account within 2 business days
