Fastned issues new bonds with 6% interest
This morning, fast charging company Fastned has started subscription to a new series of bonds. Similar to previous issues the bonds have a maturity of 5 years and pay out 6% interest per year. The interest is paid out per quarter in arrears. The bonds are 1000 euro apiece.
Fastned is building a European network of fast charging stations. By doing so, Fastned aims to meet the growing energy demand of the rapidly increasing number of electric vehicles.
As a result of Covid-19 related measures, Fastned experienced a drop of around 70% in deliveries of electricity at the end of March compared to February. This improved to around 50% in May, and this upward trend continued in the current month June. Fastned expects further volume growth due to the increasing number of electric vehicles, new stations currently being built, and the installation of more and faster chargers at existing stations.
“As Corona measures are relaxed, we immediately see an increase in traffic, and with that, in our deliveries. The trend towards electric driving continues. Sales of electric cars are less affected than sales of fossil cars. Partly as a result of Corona, we now see additional incentives for electric cars in multiple countries. It is therefore important to continue to invest in expanding the capacity of our network.”
Fastned's mission is to give freedom to the electric driver and accelerate the transition to electric mobility. This is why Fastned has set itself a goal to build a European network with one thousand fast charging stations. Here, electric drivers can add more than 300 km range in 15 minutes with electricity from the sun and wind. Fastned currently has 116 fast charging stations in the Netherlands, Germany and the United Kingdom. All stations are open to the public 24/7. Anyone can pay with a charge card or with a debit or credit card via the Fastned app. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST). More information: fastnedcharging.com