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SG
TenderFTS · 05f12f

DFSED-SG Bond Bookrunners

Scottish Government
Status
complete
Estimated
—
Services
Published
25 Jun 2026

Key facts

Notice ID
ocds-h6vhtk-05f12f
CPV code
66120000 · Financial services
Contract type
services
Awarded to
RBC Europe Limited
Source
Find a Tender

Timeline

  1. Published
    25 Jun 2026

Description

The Scottish Government has appointed nine external service providers to assist in accessing the sterling public bond market. From 2016, the Scottish Government’s annual limit for Capital Borrowing has been GBP 450 million, with a cumulative limit of GBP 3 billion. The 2023 Fiscal Framework review increased these limits in line with inflation, and the Scottish Government has been reviewing its capital borrowing policy options under these new limits. On 4 December 2024, the Scottish Government published a memorandum detailing the outcome of the initial due diligence and its updated capital borrowing policy in the context of the revised Fiscal Framework limits. The key objectives for the issuance of bonds includes diversifying capital funding sources, enhancing fiscal sustainability, raising Scotland’s profile among financial investors, and developing institutional fiscal discipline. On 12th November 2025 Moody’s Investors Service and Standard & Poor’s assigned inaugural credit ratings for the Scottish Government of Aa3/AA respectively, both with a stable outlook. The strength and diversity of Scotland’s economy, its strong institutional framework, as well as the Scottish Government’s prudent financial management and low levels of debt are factors highlighted in the agencies’ reports. A GBP 1.5 billion programme is expected to commence over the next parliament, with a debut benchmark bond issuance currently anticipated for late 2026 or early 2027, subject to the outcome of the Scottish Parliament election, in-year borrowing requirements and market conditions.

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28,874 noticesall types · sorted by publication date
Page 205 of 1444
Time to close
Value
Type
Buyer
Notice
35d
11 Aug
£1.5bn
Estimated
Tender
FTS · Services
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21d
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PG
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Blessed Edward Bamber Catholic Multi Academy Trust
Blessed Edward Bamber Catholic Multi-Academy Trust - Electricity 2026
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CLOSED
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£10.0m
Estimated
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CP
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No deadline
—
Estimated
Tender
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LC
Liverpool City Council
Pleasant Street Primary - Phase 2 Roofing Works
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No deadline
—
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Estimated
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£30k
Estimated
Below-thresh.
CF
CO
City of Doncaster Council
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No deadline
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TU
TRANSPORT UK EAST MIDLANDS LIMITED
Emergency Storage of Class 360 (1 x 4 Car Units) & Class 810 Trains (1x5 Car Units)
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Estimated
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LC
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Leeds College of Building - Internet and Cyber Security
· Published 26 Jun
OPEN
No deadline
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Estimated
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LC
Lincolnshire County Council
#REQ-1669 Connect to Work Lot 2C- Support for Out of Work individuals under SEQF Framework- North East Lincolnshire
· Published 26 Jun
OPEN
No deadline
—
Estimated
Tender
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HP
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PROC-6431 2x Agency Staff
· Published 26 Jun
CLOSED
31 Mar
£34k
Estimated
Below-thresh.
CF
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YAS 52 2026_27 G4S Security System PPM Contract
Repair & maintenance· Published 26 Jun
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No deadline
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Estimated
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Project Jumpstart to Success (GLA’s UKSPF)
· Published 26 Jun
3d
10 Jul
£200k
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CC
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Construction work· Published 26 Jun
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No deadline
£250k
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Pipeline
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Textiles and Shoes Processing Services
Sewage & refuse· Published 26 Jun
Page 205 of 1444
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