Your SIA Mintos Finance No. 50 Notes will be cancelled, and Eleving Group bonds (ISIN DE000A3LL7M4) will be credited to your Mintos Account. You will stop holding Notes and instead hold the same exposure in Eleving Group bonds directly.
Your credit exposure to Eleving Group stays the same. The only change is that the intermediary issuer layer — the SIA Mintos Finance No. 50 Notes — disappears.
Your investment continues to run to the bonds’ maturity date of 31 October 2028, at the same 13% per annum interest rate.
How your entitlement is calculated
Your entitlement in each series is your principal amount outstanding in that series, divided by the total principal amount outstanding for the series, multiplied by the total nominal amount of bonds held by the issuer.
Mintos calculates this on the reference date (two business days before settlement) and publishes the result on the platform before settlement. You do not need to do anything to receive your entitlement.