Fastned, the European fast charging company, today opened the tender for a new bond issue. The proceeds of the 4.5-year bonds, which pay 5% interest per annum, will be used to finance further expansion of Fastned’s fast charging network and for general business purposes. The new bonds are € 1,000 each. Holders of Fastned bonds purchased before April 2019 can exchange those bonds for new bonds. The subscription to the bond issue starts today via the Fastned website and ends at 12: 00 CET on December 21, 2022. More information can be found in the prospectus, which is available here. Fastned has ten years of experience in the fast charging market. It has a fast-growing network of more than 220 fast charging stations in the Netherlands, Germany, the United Kingdom, Belgium, Switzerland and France. There is currently a lot of construction work underway and Fastned expects the number of stations to grow significantly in the coming weeks. In October 2022, Schroders Capital’s Infrastructure Fund made a strategic equity investment of 75 million euros in the company, which will accelerate Fastned’s future growth and contribute to achieving the goal of more than 400 stations by the end of 2024.
