|
SSE PLC - Perth, Scotland-based electricity generation, transmission and distribution firm - Issues a €750 million 8-year green bond maturing September 5, 2031 at a fixed coupon of 4.0%. Explains the issuance is SSE’s largest senior single tranche, and sixth green bond in seven years, and takes the firm’s total issued green bonds to over £3.2 billion. Says it continues to make progress with delivery of its enhanced £18 billion net zero acceleration programme plus, set out in May 2023, which will see it more than double its renewables capacity by 2027. 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. Current stock price: 1,654 pence 12-month change: down 3.3% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
