Scottish government names bookrunners for first bond issuance

Royal Bank of Canada

25/06/2026 12:42

    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;))