The Anonymous Widower

SSE Issues €650M Green Bond As It Ramps Up Net Zero Acceleration Programme

The title of this post, is the same as that of this press release from SSE.

This is the first two paragraphs.

SSE plc has successfully issued a €650m 7-year green bond maturing 1 August 2029 at a coupon of 2.875 per cent.

Today’s issuance is SSE’s fifth green bond in six years and reaffirms its status as the largest issuer of green bonds from the UK corporate sector. It remains the only UK corporate to offer up multiple green bonds and this latest issuance brings SSE’s total outstanding green bonds to over £2.5bn.

It’s good to see that a company can raise money by issuing bonds to finance its green ambitions.

A few years ago, green investments were derided by many, but it now seems that SSE have made hem mainstream.

August 2, 2022 - Posted by | Energy, Finance | ,

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