1. Why is the Eleving group rebuying all loans?
Eleving Group has completed a new bond issuance, and as part of this process, they decided to repurchase their outstanding loans, which are backing the Notes on Mintos.
Link: https://www.eleving.com/news/275-mln-eur-bonds
2. What does this mean for my current investments?
The company will repurchase all active Notes backed by loan investments in your portfolio. You will receive all remaining principal plus any accrued interest up to the repurchase date.
3. When will the rebuy take place?
Rebuys will begin in Week 44 (starting October 27) and will be completed within 4–6 weeks. Once completed, you’ll see the corresponding transactions reflected in your account statement.
4. How will I receive my funds?
The proceeds from the rebuy (principal + accrued interest) will be credited directly to your Mintos account.
5. Will I lose any expected future returns?
You will receive all returns earned up to the rebuy date.
However, since loans will be closed early, you will not receive interest for future periods beyond that date.
6. How will automated portfolios be affected?
If your portfolio (Custom Loans or previously Custom Automated Strategy) includes Eleving - either alongside other lending companies or as the sole company - its share might not be fully covered due to limited available investments. As a result, your portfolio may not be able to invest all available funds. We recommend reviewing your automated portfolio and making adjustments if needed to keep your investments active and well-balanced.
Important note: You might experience some delays in your automated portfolio reinvesting due to the Eleving repurchasing process. Please rest assured that your automated portfolios are working—we're simply processing a high volume of transactions.
7. Do I need to take any action?
You don't need to take any action. The rebuy will be handled automatically, and all proceeds will be credited to your account.
8. What happens to my account after the rebuy?
Your portfolio will show no active investments from Eleving Group. Your historical data and statements will remain available for download. We recommend monitoring your account balance regularly and reinvesting your funds promptly to keep your portfolio aligned with your goals. In the coming weeks, we’ll be adding new lending companies and more high-yield bonds to the Mintos platform, creating more opportunities to diversify your portfolio.
9. Will the company continue offering investments in the future?
We continue to maintain a strong relationship with Eleving Group and look forward to more investment opportunities with them in the future as the money from the bond raise is utilized, and their portfolio continues to grow.