The Netherlands-based electric vehicle fast-charging network company Fastned has — due to very strong demand — gone ahead and extended its most recent bonds issue from €3.3 million to €6 million, according to an email sent to CleanTechnica.
With €3 million having been committed in just the first 24 hours of the issue being opened to subscription, Fastned was seemingly in a position where not extending the issue would be illogical — there was just too much demand to pass up the opportunity for further fundraising.
The email sent to CleanTechnica provides more: “The bonds pay out 6% interest per annum and have a maturity of 5 years. They offer investors the opportunity to invest in green infrastructure in the fast growing market of e-mobility. The proceeds of the issue will be used to further expand Fastned’s network of fast charging stations.
“Subscription to the issue is possible up to 12 December via the website www.fastnedcharging.com/bonds. This is also where the prospectus and other relevant information for investors can be found. After the expansion the issue is limited to 6,000 bonds for a total of €6 million.”
With regard to the mention of using the new funds to further expand the Fastned charging network, those plans are detailed in these CleanTechnica articles:
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