14 Dec '17, 11am

Fastned raises 12.3M euro for expansion of European fast charging network

Fastned, the Dutch company that builds a European network of fast charging stations, has raised 12.3 million euro in 10 days via a public issue of bonds. The proceeds of this issue will be used to further expand the network of fast-charging stations in the Netherlands, Germany other European countries. Investors could subscribe to the issue between Tuesday 28 November and Tuesday 12 December. However, the issue was already fully subscribed last Thursday. The bonds pay out 6% interest per annum and have a maturity of 5 years. The interest is paid quarterly in arrears. Bart Lubbers, co-founder of Fastned : “More and more people see that the future is electric and want to invest in the sustainable mission of Fastned. This is reflected in the incredible demand for our bonds. We will use the proceeds of this issue to build dozens of new stations and add chargers to existing loc...

Full article: https://electriccarsreport.com/2017/12/fastned-raises-12-...

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