The Scottish Government is set to launch its first foray into the bond market, with the raised capital being aimed at “investment to fund key infrastructure projects.”
The future bonds will be sold by the end of the current parliamentary session, if preparations and due diligence assessments are successful.
Currently, Scotland can issue up to £450 million per annum and £3 billion cumulatively in bonds, although these figures will rise with inflation.
“This is an exciting opportunity to use the powers we already have to invest in infrastructure for Scotland’s future,” said Hamza Yousaf, Scotland’s First Minister. “Scotland has a wealth of investment opportunities. Issuing a bond will help raise Scotland’s profile and engagement with international investors to attract investment.”
To read more about the Scottish infrastructure market, read our round up of a recent Burges Salmon round table here.
Scotland to issue debut bonds
