SSE issues €600M green bond to refinance onshore wind

SSE has issued a €600  million green bond to refinance its portfolio of recently constructed or under construction onshore wind farms.
The company said there was “significant demand” for the eight-year, 0.875% bond, which it said made it possible to price at the tighter end of guidance, achieving its lowest ever coupon for a senior bond.
Gregor Alexander, SSE finance director, said: “In line with our innovative approach to financing investment and as major investor in the UK and Ireland’s renewable energy infrastructure, we are pleased this new issuance shows our commitment to SSE’s sustainability and responsibility principles. At the same time we are being consistent with our commitment to maintaining a strong balance sheet and strong market rating, allowing this funding to be secured at very attractive pricing.”