SSE has issued a €650m green bond to help raise funds to develop more renewable energy projects.
The green bond, which is SSE’s second such issuance, matures in September 2025 and has a 1.375% coupon.
SSE said the proceeds will be swapped to pounds Sterling and the “all-in funding cost is expected to be around 2.6%”.
SSE finance director Gregor Alexander 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 second green bond continues to show SSE’s focus on sustainability and responsibility principles.
“This funding is consistent with our commitment to maintain a strong balance sheet and strong market rating, and has been secured at very attractive pricing.”
Image: SSE
SSE green bond targets €650m
By EBS