11
December
2019
|
13:19
Europe/Amsterdam

Strong demand for Fastned bonds

Over 7.5 million euro raised so far

Summary

Fastned, the charging company which is building a European network of fast charging stations, again sees strong demand for its bonds that pay 6% interest per year. Over 7.5 million euro has been raised so far, more than the minimum of 3 million euro that Fastned aimed to raise. The issue started on November 21 and will close on December 12.

The proceeds of the issue will primarily be used to finance further expansion of Fastned’s fast charging network. This is necessary because of the strong growth in the number of electric cars and the related demand for fast charging infrastructure. The bonds have a maturity of 5 years and pay out 6% interest per year. Subscription to the offer is possible starting at 1000 euro. Investors can subscribe to the issue until the 12th of December 2019 via the Fastned website: fastnedcharging.com/bonds.The issue is limited to 15,000 bonds for a total of 15 million euro.

The proceeds of the issue will primarily be used to finance further expansion of Fastned’s fast charging network. This is necessary because of the strong growth in the number of electric cars and the related demand for fast charging infrastructure. The bonds have a maturity of 5 years and pay out 6% interest per year. Subscription to the offer is possible starting at 1000 euro. Investors can subscribe to the issue from today until the 12th of December 2019 via the Fastned website: fastnedcharging.com/bonds. The issue is limited to 15,000 bonds for a total of 15 million euro.

Important information and risks

Investing in Fastned bonds involves risks. Investors run the risk of losing (part of) their investment and should only invest after they have read the prospectus approved by the AFM and fully understand the potential risks and benefits of an investment in Fastned. The approval of the prospectus should not be considered a recommendation of the securities offered. The prospectus is available via the website fastnedcharging.com/bonds.

Boilerplate

Fastned is a charging company that is building a European network of fast charging stations. The stations are located at high traffic locations along highways and in cities, where electric cars can add up to 200 km range in 15 minutes. Fastned's mission is to give freedom to electric drivers and accelerate the transition to sustainable mobility. As of today, Fastned has 114 stations operational in the Netherlands, Germany and the United Kingdom, and is working on expanding its fast charging network to the rest of Europe. Fastned is currently simultaneously building fast charging stations in the Netherlands, Germany and the United Kingdom, and preparing for building its first stations in other countries, with a focus on Belgium, Switzerland and France. Fastned is listed on Euronext Amsterdam (ticker AMS:FAST). More information: fastnedcharging.com.