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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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31,290 noticesall types · sorted by publication date
Page 59 of 1565
Time to close
Value
Type
Buyer
Notice
CLOSED
09 Jun
—
Estimated
Tender
CF
LC
Leicester City Council
ID: 36990 - ELLESMERE COLLEGE
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13d
10 Jul
£2
Estimated
Below-thresh.
CF
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No deadline
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Estimated
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AA
AGRICULTURE AND HORTICULTURE DEVELOPMENT BOARD
Interim cover for Social Media management provision for US
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No deadline
—
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FO
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£10.0bn
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CC
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Electrical machinery· Published 25 Jun
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No deadline
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PA
Police and Crime Commissioner for Dyfed Powys
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£37.4m
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20d
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UO
UNIVERSITY OF SHEFFIELD
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25d
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Estimated
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30d
27 Jul
£600k
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26d
23 Jul
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QU
Queen's University Belfast
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Medical equipment· Published 24 Jun
CLOSED
24 Jun
£1.1m
Estimated
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SC
Suffolk Coastal District Council and Waveney District Council
Revenues and Benefits Software System for Great Yarmouth Borough Council
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30d
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Page 59 of 1565
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