Issue of Green Bond

RNS Number : 3448P

SSE PLC

30 August 2017

 

SSE PLC

ISSUE OF GREEN BOND

SSE plc ("SSE") has successfully launched its inaugural Green Bond, an eight year €600m euro bond maturing September 2025 with a coupon of 0.875 per cent, which is the lowest coupon that SSE has achieved for a senior bond.

This issuance will help SSE to take a leading role in supporting the transition towards a low carbon future, through its plans to continue to invest in renewable energy, and reaffirm its position as a leader in renewable sources of energy.

Gregor Alexander, Finance Director of SSE, said: "In line with our innovative approach to financing investment and as a major investor in the UK and Ireland's renewable energy infrastructure, we are pleased that this new issuance shows our commitment to SSE's sustainability and responsibility principles, while at the same time being consistent with our commitment to maintaining a strong balance sheet and strong market rating, allowing this funding to be secured at very attractive pricing."

 

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