Scottish Government Bond Issuance Service Providers

The Scottish Government is seeking service providers to support the issuance of sterling public bonds as part of its capital borrowing programme. Nine external bond bookrunners have been appointed to assist with accessing the sterling bond market. The Scottish Government has increased capital borrowing limits under the 2023 Fiscal Framework review and plans to issue up to GBP 1.5 billion in bonds over the next parliament, with the first benchmark bond issuance anticipated for late 2026 or early 2027. Key objectives include diversifying capital funding sources, enhancing fiscal sustainability, raising Scotland's profile among investors, and developing institutional fiscal discipline. The Scottish Government recently received inaugural credit ratings from Moody's Investors Service (Aa3) and Standard & Poor's (AA), both with stable outlooks, reflecting the strength of Scotland's economy and prudent financial management. If you are a financial institution or service provider experienced in bond issuance, capital markets, or financial advisory services, this opportunity may be relevant to your business. Interested parties should monitor the Scottish Government's procurement channels for formal tender processes related to bond issuance services.