SSE PLC

SSE PLC ISSUES NEW €600m GREEN BOND

SSE plc has successfully issued a new €600m 7-year green bond maturing on 18 March 2032 with a coupon of 3.5%.

Today's 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 today's 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.

Barry O'Regan, SSE's Chief Financial Officer, said:

"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."

Notes

SSE's latest published Green Bond Report can be found at https://www.sse.com/sustainabilityfinancingframework, along with an Assurance Report from EY and DNV's Opinion Report on our Sustainability Financing Framework.