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Mintos, the largest platform in Europe for investing in loans, is thrilled to announce the launch of Fractional Bonds. This offering opens up the world of corporate bonds to retail investors, making it accessible and easy for anyone to diversify their portfolio with bonds.
Initially, Mintos will offer investments in high-yield corporate bonds issued by Eleving, but in the future, we plan to broaden our offering across different types of bonds and industries.
The Eleving Group Fractional Bonds on Mintos
- Bond details:
Issuer: Eleving Group
Interest rate: 13%
Commitment date: 26.10.2023
Execution date: 30.10.2023
Maturity date: 30.10.2028. - Buying bonds via Mintos is free of trading fees.
- The minimum investment amount is only €50.
- Fractional Bonds are bond-backed securities provided by Mintos.
- Fractional Bonds have a unique ISIN.
- Investors are protected by the MiFID II investor protection framework.
- Landing page: https://www.mintos.com/en/bonds/invest/
- Commission per new investor: KYC: €5 Investment: 1% of average investment amount after 90 days.
- Additional material:
Download press release
Download image material
Investing in Fractional Bonds on Mintos
The vast majority of bonds require thousands of Euros for a single investment. This makes it difficult for many retail investors to build a bond portfolio and participate in the earnings of this asset class.
Fractional Bonds on Mintos democratizes the approach to bonds, allowing investors to invest from €50 on and build a diversified portfolio on Mintos.
With an investment in Fractional Bonds on Mintos, investors purchase bond-backed securities. This means Investors won’t hold the underlying bond directly. By investing in Fractional Bonds, they earn returns from the cash flows of the underlying bond, as Mintos passes on the bond issuer repayments to the investors.
The Fractional Bonds will have an ISIN from Nasdaq and reflect the bond issuer’s terms on both interest rate and maturity date in the product prospectus.
How does it work?
Each Fractional Bonds offer is available for a limited time, until the commitment date stated in the offer. During this time window, investors can place (or cancel) their orders. On the commitment date, all orders are final. Investors are scheduled to receive the ordered Fractional Bonds and start accruing interest on the execution date. The exact commitment and execution dates can be found in the Fractional Bonds offer.
The product is accessible via https://www.mintos.com/en/bonds/invest/
Where can I find more information about specific Fractional Bonds offers?
The main documents that provide detailed information about Fractional Bonds are:
- Fractional Bonds base prospectuses and Final Terms documents
- Key information documents (KIDs)
- Underlying bond prospectus
What return can I expect from Fractional Bonds?
The return on a specific Fractional Bonds offer depends on the coupon rate of the underlying bond. The coupon rate is determined by:
- inherent risk factors of the underlying bond, including the bond issuer’s creditworthiness
- market factors, including the general economic environment, general interest rate levels, and alternative investment opportunities in the financial sector
Image material for content creation:
To create content around Mintos Bonds we provide you with image material from the Mintos plattform, including a step-by-step picture guide:
If you hold your Fractional Bonds until maturity, fluctuations in the underlying bond’s value will not affect your return. However, if you want to sell your Fractional Bonds on the Secondary Market, the price might be affected by supply and demand, as well as changes in the risk and market factors of the underlying bond. This means the going price on the Secondary Market might be different from the purchase price you paid.
Key takeaways:
- 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.
Mintos Activity: September 2023
The month of September has shown promising growth on Mintos. Total investments saw a significant increase to €94.9 million, and interest earned by investors climbed to €4.1 million.
The average interest rate for June stood at 12.5%, translating to an annualized average net return of 10.4% (YTD 7.7%). The cumulative interest earned by investors on Mintos has now reached €250.6 million, and the total assets under administration are now €599.8 million.
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 30.09.2023, they’ll get a €50 instant bonus, and a 1% bonus of the average investment in the first 90 days1
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.
- 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
