March 4 (Renewables Now) – Dutch developer and operator of fast charging stations for electric vehicles (EV) Fastned BV launched last week a bond issue to raise EUR 3.3 million (USD 3.7m) for the expansion of its network.
The subscription period started on February 28. A total of 3,300 bonds are valued at EUR 1,000 each, and will pay an annual interest rate of 6%. The issue matures in five years, on March 21, 2024, according to the issue prospectus.
Fastned’s network comprises 88 fast charging stations in the Netherlands and Germany and several stations under construction, including two in the UK.
(EUR 1.0 = USD 1.14)