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(Alliance News) - SSE PLC said Friday that its unit Scottish Hydro Electric Transmission PLC has issued its Green Bond, a 16-year GBP350 million euro bond maturing in September 2035 with a coupon of 2.25%.
For SSE itself, the bond issue marks the group's third green bond in three years. The issue will help Scottish Hydro and SSE's plans to continue investing in renewable energy infrastructure.
"In line with our innovative approach to financing investment and as a major investor in the UK and Ireland's renewable energy infrastructure, we are pleased that our first sterling Green Bond continues to show SSE's focus on sustainability and responsibility principles," said Finance Director Gregor Alexander.
"An improving sustainability performance is good for SSE, good for our investors and good for society as a whole. This funding is consistent with our commitment to maintain a strong balance sheet and strong market rating, and has been secured with a longer tenor at very attractive pricing," Alexander added.
Shares in SSE closed flat at 1,236.00 pence on Friday in London.
