SSE Shares Edge Higher with Grid Debt Linked to Indexation (LSE:SSE)
SSE shares rose 1.2% to 2,352 pence Monday, outperforming the FTSE 100, which gained 0.6%. The company’s recent €1.3 billion hybrid bond sale and indexed network-debt allowances provide some financing cushion, but do not eliminate project or valuation risk. SSE’s leverage stood at 3.3 times EBITDA as of March 31, with £1.7 billion debt maturing in the next year. No new trading update was issued.