RNS Number : 7079K


29 August 2023



SSE plc has successfully issued a EUR750m 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 GBP3.2bn.

SSE continues to make progress with delivery of its enhanced GBP18bn 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 GBP18bn of investments under our enhanced Net Zero Acceleration Programme."


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

              SSE Investor                             Michael            +44 (0)345 0760 
 Investors     Relations              ir@sse.com        Livingston         530 
                                                       Glenn Barber 
                                                        Raymond           +44 (0)345 0760 
 Media        SSE Media               media@sse.com     Buchanan           530 
                                                                            +44 (0)7885 224 
    MHP Communications                        Oliver Hughes                 532 
                                                                          +44 (0)7584 142 
    James McFarlane                                                        665 

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(END) Dow Jones Newswires

August 29, 2023 11:45 ET (15:45 GMT)

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