Fastned, a European fast charging stations company, opened subscriptions to new bonds being issued, at EUR 1,000 per bond, with 5% annual interest. The proceeds of the bonds will be utilised for the expansion of Fastned’s fast-charging network and for general corporate purposes.
Subscription to Fastned’s new bonds opened on 29 November 2022 and will close on 21 December 2022. Additional information on the issuance can be found in the prospectus. Bonds purchased with Fastned before April 2019 can be exchanged for the new bonds being issued.
Fastned is a Dutch company listed on Euronext Amsterdam and has tripled its share price in 2 years, proving to be a success story in the sustainability sector. It plans to increase its fast-charging stations to 400 (from the current approximately 220) across Europe by the end of 2024.
The charging stations allow electric cars to add up to 300km in 15-20 minutes (depending on the vehicle type) and are located at high-traffic locations.
DGB Group, also a Dutch Euronext-listed company operating in the sustainability sector, follows a business model similar to Fastned. DGB raises capital, invests in sustainable carbon sequestration projects, and develops and scales those projects which generate biodiversity and carbon credits that translate into returns for investors.
To raise capital, DGB offers an 8% annual return on investment green bond that allows investors to invest in a sustainable economy. The funds from these bonds enable DGB to scale the development of high-quality nature-based projects, which include reforestation and nature conservation, that generate carbon and biodiversity credits.
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- Source: https://www.green.earth/blog/european-charging-company-fastned-issues-4.5-year-bonds-with-5-interest
