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08 06 2017 01

Fastned, the Dutch company that is rolling out a European network of fast charging stations where all electric cars can charge, has raised 7.7 million euro in just two weeks via a public issue of bonds.

Initially, the issue was limited to 3.3 million euro, but due to the high demand the board of directors decided to extend the issue. In total 7.7 million euro worth of bonds were issued to more than 600 investors. The proceeds of this issue will be used to further expand the network of fast-charging stations in the Netherlands and in the rest of Europe.

Subscriptions to the issue was possible from Tuesday, May 23, 07:30hrs to Tuesday, June 6, 16:00hrs. The bonds pay out 6% interest per annum and have a maturity of 5 years. The interest is paid quarterly in arrears.

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