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to-the-point: Fastned sells bonds for EUR 12m

Source: Fastned (fastned-en.pr.co)

December 16 (Renewables Now) - Dutch electric vehicle (EV) charging stations operator Fastned BV (AMS:FAST) on Friday said it has completed a bond issue, raising EUR 12 million (USD 13m).

Between November 21 and December 12, nearly a thousand investors subscribed to the bonds issued by the company. The bonds, maturing in five years, have an annual interest rate of 6%.

Fastned said it would use the proceeds from the issue mainly to fund the further growth of its fast charging network, driven by the increasing number of electric cars and the related demand for fast charging stations.

(USD 1.0 = EUR 1.1)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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