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 a charging company that is building a European network of fast charging stations where all electric cars can charge as fast as possible. The stations are located at high traffic locations along the highways and in cities, where electric cars charge in an average of about 20 minutes. This will give electric cars the freedom to drive across Europe. As of today, Fastned has 89 stations operational in the Netherlands and Germany and is working on expanding its fast charging network to the rest of Europe. Fastned is simultaneously building fast charging stations in the Netherlands, Germany and the United Kingdom and is preparing for expansion in Belgium and Switzerland.