New 8 Year Bond issue

RNS Number : 7553X

SSE PLC

01 September 2015

 



SSE plc

NEW  8 YEAR  BOND  ISSUE

SSE plc ("SSE") has successfully launched an 8 year, €700m euro bond maturing September 2023 with a coupon of 1.750 per cent and an all-in funding cost of 3.193 per cent once swapped to Sterling.

In the last 12 months SSE has issued a dual tranche of capital hybrid securities comprising NC5.5 £750m and NC6 €600m and refinanced  our £1.3bn Revolving Credit Facility on improved terms and extending the maturity date to July 2020.

Gregor Alexander, Finance Director of SSE, said: "In line with our proactive 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 low cost. This is consistent with our commitment to maintaining a strong balance sheet and to progress our investment plans."

 

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