SSE has issued a second green bond worth €650m, confirming the big six supplier as the largest issuer of green bonds from the UK corporate sector. The nine-year bond, which will be used to fund renewable energy, will mature in September 2025 with a coupon of 1.375%. Proceeds will be swapped to sterling and the all-in funding cost is expected to be around 2.6 per cent. The money will be used to help in the transition towards a low-carbon future. Gregor Alexander, finance director at SSE, said: “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 this second green bond continues to show SSE’s focus on sustainability and responsibility principles.
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