Fastned expands bonds issue to 6 million euro
Amsterdam, 29 November 2017. Due to strong demand for Fastned bonds, the charging company has decided to extend the issue from 3.3 million Euro to 6 million Euro. Subscription to the issue started yesterday and within 24 hours over 3 million Euro had been committed. The bonds pay out 6% interest per annum and have a maturity of 5 years. They offer investors the opportunity to invest in green infrastructure in the fast growing market of e-mobility. The proceeds of the issue will be used to further expand Fastned’s network of fast charging stations.
Subscription to the issue is possible up to 12 December via the website www.fastnedcharging.com/bonds. This is also where the prospectus and other relevant information for investors can be found. After the expansion the issue is limited to 6.000 bonds for a total of 6 million euro.
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Fastned is building a European network of fast-charging stations where all electric cars can charge within 20 minutes. The stations are located at high traffic locations along the highways and in cities. This will give electric cars the freedom to drive across Europe. As of today, Fastned has 73 stations operational in The Netherlands and is working on expanding its fast charging network to the rest of Europe. Fastned is preparing the construction of fast charging stations in Germany, The United Kingdom and Belgium. Fastned is listed on the Nxchange stock exchange.
Fastned is rolling out its network of fast charging stations in response to the rapidly increasing numbers of EVs in Europe. Car manufacturers are investing billions of Euros in the development of, and production capacity for EVs. More and more EVs are hitting the roads, which drives the need for charging infrastructure. Fastned is responding to this development by building the service stations of the future. Co-founder and CEO Michiel Langezaal: “We are the Shell of the future, only our energy comes from the sun and the wind.”
For more information go to www.fastnedcharging.com.