{"id":9165,"date":"2026-06-25T19:44:37","date_gmt":"2026-06-25T19:44:37","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=9165"},"modified":"2026-06-25T19:44:37","modified_gmt":"2026-06-25T19:44:37","slug":"banks-and-advisers-hired-for-government-bond-daily-business","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=9165","title":{"rendered":"Banks and advisers hired for government bond \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/Jenny-Gilruth.png\" alt=\"Jenny Gilruth\" class=\"wp-image-195978 lazyload\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"907\" height=\"633\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/Jenny-Gilruth.png\" alt=\"Jenny Gilruth\" class=\"wp-image-195978 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/Jenny-Gilruth.png 907w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/Jenny-Gilruth-300x209.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/Jenny-Gilruth-768x536.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/Jenny-Gilruth-600x419.png 600w\" sizes=\"(max-width: 907px) 100vw, 907px\"\/><figcaption class=\"wp-element-caption\"><em>Jenny Gilruth: supporting infrastructure plans (pic: DB Media Services)<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Nine banks have been appointed to a framework that will advise and support on the delivery of the Scottish Government\u2019s \u00a31.5 billion bonds programme over the next five years.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">HSBC, Merrill Lynch International, NatWest Markets and RBC Europe have been selected to act as the joint bookrunner for the inaugural bond issuance.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Other banks on the framework Banco Santander; Barclays, Citigroup Global Markets, Deutsche Bank and Standard Charted Bank, will have the opportunity to support any subsequent bond sales. Clifford Chance has been appointed as legal adviser, while EY is advising the government.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Deputy First Minister Jenny Gilruth said:\u00a0\u201cThis new framework will play an important role in supporting the delivery of the Scottish Government\u2019s bond programme, bringing together a range of market expertise.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe funding raised from these bonds will help support delivery of the capital infrastructure projects outlined in the Spending Review, while allowing the Scottish Government to diversify its borrowing. Bonds are a standard form of borrowing for governments around the world.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe Scottish Government\u2019s bond programme is underpinned by high investment grade credit ratings from two global credit rating agencies. These are an endorsement of the strength of the Scottish economy and efforts we are making to drive that forward.\u201d<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The Scotland Act 2016 devolved powers to Scotland to allow the issuing of government bonds for capital investment.?<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In 2023 the Scottish Government\u2019s Investor Panel recommended making bonds available to market as a means of raising Scotland\u2019s profile and attracting investment.\u00a0<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Last year the Scottish Government was given the same high credit rating as the UK as part of preparations for the bond programme.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">All proceeds from a bond issuance would be used exclusively for capital investment in line with the capital borrowing powers outlined in the Fiscal Framework agreement between the Scottish and UK Governments.\u00a0 Some analysts have questioned the relatively modest sum being raised.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.5) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Banks #advisers #hired #government #bond #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jenny Gilruth: supporting infrastructure plans (pic: DB Media Services) Nine banks have been appointed to a framework that will advise and support on the delivery of the Scottish Government\u2019s \u00a31.5&hellip; <\/p>\n","protected":false},"author":1,"featured_media":9166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[11215,342,3630,283,282,1329,5848,11213,11214],"class_list":["post-9165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","tag-advisers","tag-banks","tag-bond","tag-business","tag-daily","tag-government","tag-hired","tag-jenny-gilruth-and-bond","tag-scottish-government-bond"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/9165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9165"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/9165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/9166"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}