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SSE plc grosses $900.0 million from debt offering


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SSE plc grosses $900.0 million from debt offering

SSE PLC raised gross proceeds of $900.0 million from an offering of fixed to floating rate junior subordinate unsecured capital securities due Sept. 16, 2077.

The company plans to use the proceeds for general corporate purposes or working capital.

Barclays Bank PLC, BNP Paribas SA, Credit Suisse Securities (Europe) Ltd., Lloyds Bank PLC, Morgan Stanley & Co. International PLC, MUFG Securities EMEA PLC, National Australia Bank Ltd.'s London branch and RBC Europe Ltd. were the lead underwriters.