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Cadent brings second transition bond as hydrogen plans solidify

Cadent Gas Van

Cadent Gas, the UK’s largest gas distribution network, issued its second transition bond today. The €625m bond came into a tricky market and was not as wildly oversubscribed as the first issue a year ago, but confirmed that ESG investors buy into the company’s argument that ‘green gas’ will play a role in meeting the UK’s future energy needs.

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