Fastned issues new 4.5-year bonds with 5% interest
Fastned, the European fast charging company, today opened subscription to a new bond issue. Proceeds of the 4.5-year bonds, which pay out 5% interest per year, will be used to finance further expansion of Fastned’s fast charging network and to refinance outstanding bonds.
The new bonds are €1,000 each. Holders of Fastned bonds bought before April 2019 can exchange those bonds for new bonds. Subscription to the bond issue starts today via the Fastned website and ends at 12:00 p.m. on 12 June 2022. More information can be found in the prospectus, which is available here.
Fastned has ten years of experience in the new market of charging electric vehicles. It has a network of 199 fast charging stations in the Netherlands, Germany, UK, Belgium, Switzerland and France. Fastned recently announced plans to add at least 65 new stations to its existing network in 2022, which will bring the total number of stations to 253 by year-end. In addition, the company expects to increase charging capacity at existing stations by installing around 190 additional chargers. By investing in more and larger stations across an ever-increasing European network, Fastned is working hard to give freedom to drivers of electric vehicles.
Fastned has been developing fast charging infrastructure for electric vehicles across Europe since 2012. Fastned’s mission is to accelerate the transition to sustainable mobility by giving freedom to electric drivers. Based in Amsterdam, the company has built 199 fast charging stations in the Netherlands, Germany, UK, Belgium, France and Switzerland. The company specialises in developing and operating fast charging infrastructure where drivers can charge their electric vehicle with up to 300 km of range in 15 minutes before continuing their journey. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST).