SSE offer UK’s biggest ever green bond

SSE has issued the biggest ever green bond from a UK business. The Big Six supplier says the move is its latest step in tackling climate change and developing a […]

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By Jonny Bairstow

SSE has issued the biggest ever green bond from a UK business.

The Big Six supplier says the move is its latest step in tackling climate change and developing a market for environmentally-friendly financial products.

Stretching over eight years, it will provide capital to refinance the business’ portfolio of recently built or under construction onshore wind farms.

The firm says there was significant demand for the green bond, which offers a rate of 0.875%.

Gregor Alexander, Finance Director of SSE, 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.”