Cadent Issues UK’s First Transition Bond

Cadent, the UK’s largest gas distribution network, has priced and agreed to issue the UK’s first transition bond – a 12-year EUR 500 million bond – to invest in the retrofit of gas distribution networks. Innovative transition bonds are designed to help issuers shift to greener business activities and decarbonise their operations. The move by Cadent, which delivers gas to 11 million homes and businesses throughout the North West, West Midlands, East of England and North London, is part of the company’s commitment to help deliver a low-carbon economy. Cadent…

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