New 7 Year Bond Issue

RNS Number : 7550G

SSE PLC

11 June 2013

 



SSE plc

NEW  7 YEAR  BOND  ISSUE

SSE plc ("SSE") has successfully launched a 7 year, €600m euro bond with a coupon of 2.00 per cent.

In the last 12 months SSE has also issued a dual tranche of hybrid capital securities which comprises US $700m and €750m.

Gregor Alexander, Finance Director of SSE, said: "In line with our flexible approach to financing investment, we are pleased that this attractively priced issue enables us to capitalise on current low interest rates and SSE's strong market rating to secure funding at a very low cost. This is consistent with our commitment to maintaining a strong balance sheet and sustaining our financial strength for the long term."

 

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