Scottish government names bookrunners for first bond issuance
Today 12:42
Scottish government names bookrunners for first bond issuance LONDON, June 25 (Reuters) - Scotland's government named HSBC, NatWest, RBC and Merrill Lynch, which is part of Bank of America, to act as joint bookrunners for its first sale of bonds in recent history.
The programme aims to sell £1.5 billion ($1.97 billion) of debt over the next five years to fund capital infrastructure projects.
"The Scottish Government's bond programme is underpinned by high investment grade credit ratings from two global credit rating agencies," Deputy First Minister Jenny Gilruth said.
($1 = 0.7601 pounds)
(Reporting by David Milliken; editing by William James)
((david.milliken@thomsonreuters.com; +44 20 7513 4034;))
Recent news on HSBC Holdings
See all newsScottish government names bookrunners for first bond issuance (updated)
Scottish government names bookrunners for first bond issuance
Morgan Stanley was among first global banks to back MFS before boom and bust
Factbox: JP Morgan lowers Brent price forecast as it sees oil market rebalancing
China developer Shimao's Hong Kong hotels seized and put on sale by lenders