SSE PLC (SSELN)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SSELN	SSE PLC	€1,300		2	EMEA	Jun 12, 2025

Tranche #1SSE PLC

currency

EUR

size (m)

800.000

maturity

type

Fixed Rate Reset

tenor

Perp

call

5.25

registration

Reg S Only

benchmark

YLD

ranking

Subordinated

moody's

Baa3

s&p

BBB-

fitch

size description

re-open/tap

ipt

4.75% a

ipt-pxd

guidance

4.25% a

spread

coupon

4.00%

spread set

price

99.62700

yield

4.075%

book size (m)

2,600

peak book (m)

x-covered

3.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,600

peak book (m)

x-covered

3.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2SSE PLC

currency

EUR

size (m)

500.000

maturity

type

Fixed Rate Reset

tenor

Perp

call

8.00

registration

Reg S Only

benchmark

YLD

ranking

Subordinated

moody's

Baa3

s&p

BBB-

fitch

size description

re-open/tap

ipt

5.25% a

ipt-pxd

guidance

4.75% a

spread

coupon

4.50%

spread set

price

99.67100

yield

4.550%

book size (m)

1,700

peak book (m)

x-covered

3.4

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

3.4

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.25: Book size: 2600; First Pay: 2026-09-19; Redemption: 2030-06-19; Registration: Reg S Only; Comments: EUR800m PNC5.25 cpn 4% at 99.627, yld 4.075%. Initial Margin: 185.2bps. DBR 0.000% 15/08/2030 (@ 89.925) + 199.7bps. Tax Call: Yes. CoC: 100%. Par Call: 3m. Clean-up Call: 75%. Reset Date: 9/19/2030. LEI: 549300KI75VYLLMSK856; P NC 8: Book size: 1700; First Pay: 2026-06-19; Redemption: 2033-03-19; Registration: Reg S Only; Comments: EUR500m PNC8 cpn 4.5% at 99.671, yld 4.550%. Initial Margin: 214bps. DBR 2.300% 15/02/2033 (@ 99.850) +222.9bps. Tax Call: Yes. CoC: 100%. Par Call: 3m. Clean-up Call: 75%. Reset Date: 6/19/2033. LEI: 549300KI75VYLLMSK856;

Deal Comments

Hybrid Bond

Use of Proceeds

Refinancing and general corporate purposes

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SSE PLC (SSELN)

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