REG - SSE Plc - SSE Issues Eur750m Green Bond

SSEAnnouncement

29/08/2023 17:00

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RNS Number : 7079K  SSE PLC  29 August 2023

SSE PLC

SSE ISSUES €750m GREEN BOND

SSE plc has successfully issued a €750m 8-year green bond maturing 5
September 2031 at a fixed coupon of 4.0%.

Today's issuance is SSE's largest senior single tranche and sixth green bond
in seven years and reaffirms its status as one of the major issuers of green
bonds from the UK corporate sector. This latest issuance brings SSE's total
issued green bonds to over £3.2bn.

SSE continues to make progress with delivery of its enhanced £18bn Net Zero
Acceleration Programme Plus, set out in May 2023, which will see it more than
double its renewables capacity by 2027 whilst increasing investment in the
regulated network infrastructure that connects low carbon generation to homes
and businesses. The green bond proceeds are earmarked to help finance and/or
refinance SSE Renewables projects currently under construction or recently
completed such as Viking and Seagreen wind farms, as well as the world's
largest offshore wind farm at Dogger Bank.

Gregor Alexander, SSE's Finance Director, said: "As a regular issuer of green
bonds SSE continues to show leadership in supporting sustainable finance, with
the significance of this type of instrument helping to attract more capital
and the drive progress towards net zero.

"Today's new green bond has been extremely well received on a busy day in the
bond markets and was close to three times oversubscribed. This new issuance is
consistent with our commitment to maintaining a strong balance sheet and will
help us deliver £18bn of investments under our enhanced Net Zero Acceleration
Programme."

Notes

SSE's recently published Sustainability Financing Framework can be found at
https://www.sse.com/SustainabilityFinancingFramework
(https://www.sse.com/SustainabilityFinancingFramework) , along with DNV's
Second Party Opinion on the new Framework.

 

 Enquiries
 Investors  SSE Investor Relations  ir@sse.com (mailto:ir@sse.com)        Michael Livingston  +44 (0)345 0760 530
 Media      SSE Media               media@sse.com (mailto:media@sse.com)  Glenn Barber        +44 (0)345 0760 530

                                                                          Raymond Buchanan

            MHP Communications                                            Oliver Hughes       +44 (0)7885 224 532
                                                                          James McFarlane     +44 (0)7584 142 665

 

 

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