SSE plc has successfully issued a new €600m 7-year green bond maturing on 18 March 2032 with a coupon of 3.5%.
The UK's largest corporate issuer of green bonds
The issuance is SSE’s ninth green bond in eight years and reaffirms its status as the largest UK corporate issuer of green bonds. This brings the total outstanding green bonds issued by SSE and its subsidiaries to £4.9bn.
The proceeds from this green bond will specifically help finance and/or refinance SSE Renewables projects currently under construction or recently completed. These include Yellow River, Viking and Seagreen wind farms, as well as the world’s largest offshore wind farm at Dogger Bank.
Quote from Barry O’Regan, SSE’s Chief Financial Officer:
“SSE is at the heart of the clean energy transition and our renewables business is growing as it delivers nationally important investments which will make a significant contribution to meeting UK renewables deployment and climate targets.
“This bond was well received and 3 times oversubscribed, offering yet another attractive SSE proposition to investors looking to channel finance into green infrastructure.”