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SSE PLC - Perth, Scotland-based electricity generator - SSEN Transmission, 75%-owned subsidiary of SSE, launches a €750 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 £5.5 billion. Proceeds will specifically help finance and/or refinance critical infrastructure as part of a £22 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.’ Current share price: 1,789.50 pence, closed down 0.3% in London on Tuesday 12-month change: down 4.6% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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