26th Aug 2025 20:02
SSE PLC - Perth, Scotland-based electricity generator - SSEN Transmission, 75%-owned subsidiary of SSE, launches a EUR750 million eight-year green bond maturing on November 2, 2033 at a fixed coupon of 3.375%, which has been swapped to sterling giving an all-in funding cost of 5.23%. The issue is SSE's tenth green bond in eight years and brings the total outstanding green bonds issued by the firm to GBP5.5 billion. Proceeds will specifically help finance and/or refinance critical infrastructure as part of a GBP22 billion plus investment programme to upgrade the transmission network across the north of Scotland. SSE Chief Financial Officer Barry O'Regan says: "This is SSEN Transmission's second issuance in the Euro bond market. It adds to our growing green bond portfolio and is consistent with our commitment to maintaining a strong balance sheet through financial discipline." Read More
