Eleving Group is offering this exchange because it may repurchase some of the loans that currently back Eleving Notes on Mintos, using part of the proceeds from its recently completed bond issue. If the loans behind your Notes are repurchased, your Notes will be repaid early, and your invested funds will be returned to your Mintos account. The exchange gives you an alternative to that early repayment: instead of receiving your funds back, you can choose to stay invested in Eleving by exchanging your Notes for the newly issued bond.