We’re excited to announce that we just launched new Fractional Bonds on Mintos! This is our first Fractional Bonds offer from ID Finance Spain, and there is a limited supply. Subscription for Fractional Bonds on Mintos ends 31 May 2024.
ID Finance Spain will offer bonds in the amount of up to €7 million. The proceeds from the bonds will be used for growth operations and for general business purposes.
Key features of the Fractional Bonds:
- Yield to maturity (YTM) for the initial listing: 11.476%1
- Coupon rate: 9.5%2
- Interest payments: quarterly
- Maturity date: 25 September 2025
Fractional Bonds on Mintos
Our initial offering significantly lowers the barrier to entry, enabling investments from as low as €50. Additionally, investors who wish to cash out early may do so on the Mintos Secondary Market.
Want to know more? If you’re new to the world of bonds and want to understand more about how they work, we’ve put together resources to help you get started and make informed investment decisions.
Do you have questions about Fractional Bonds on Mintos? You’re welcome to share your questions in the Fractional Bonds thread on the Mintos Community.
About ID Finance
ID Finance is a data science, credit scoring, and digital finance company that is pioneering fintech innovation in emerging markets with a range of convenient, competitive, and transparent loan products available over the internet. The company uses machine learning and advanced data science techniques to improve access to competitive financial services. Headquartered in Barcelona, ID Finance operates under the MoneyMan and Plazo brands in Spain and Mexico. The company’s founders previously worked in banking, including Deutsche Bank and Royal Bank of Scotland. ID Finance is trusted by both private and institutional investors around the world. The company has been ranked by FT 1 000 as one of Europe’s fastest-growing companies for the sixth year in a row. It was also rated among the hottest startups in Barcelona by Wired magazine.
1 Future listings for this Fractional Bond might be offered at a different YTM
2 The Fractional Bonds are offered at a discount, hence the expected return for investors holding the investment till its maturity (YTM) is higher than the coupon rate of the underlying bond.
