The subordinated bond issue doesn’t affect the rights, status, or position of Mintos crowdfunding investors. Your equity investment remains unchanged and is not impacted by the bond offering. The subordinated bond is a separate financial instrument, structured as debt, and is offered under applicable law and regulation primarily to retail investors on the Mintos platform.
The bond doesn’t dilute shareholdings, nor does it give ownership or voting rights to bondholders. Its purpose is to support Mintos’ future growth and to strengthen the company’s capital structure, specifically its Tier 2 regulatory capital. There’s a risk that Tier 2 capital is converted into equity of the issuer (AS Mintos Marketplace) by law. You can read more about this scenario in the base prospectus, section 2 Risk Factors, article 2.6.10.
For crowdfunding shareholders, the subordinated bond may be viewed positively, as it contributes to the long-term development of the company without requiring additional equity capital.