OREANDA-NEWS. September 5, 2012. In September 2010 SSE successfully issued Ј1.16bn of hybrid capital securities , a financial instrument which is perpetual and subordinate to all senior creditors. SSE is now proposing a new issue of hybrid capital securities. The transaction is expected to launch, subject to market conditions, following a roadshow in Asia and Europe to commence on 3rd September 2012.

Gregor Alexander, Finance Director of SSE, said:

“SSE believes that maintaining a strong balance sheet, evidenced by a commitment to the criteria for a single A credit rating, is a key financial principle. Our commitment to maintaining financial flexibility is also strong, and the proposed new hybrid capital securities will provide another source of funding to complement our already well-financed investment programme.”