Scotland Plans to Sell Its First Ever Government Bonds
The issuance would be the first in a £1.5 billion ($2 billion) bond program over the life of the next parliament.
Photographer: Simon Dawson/Bloomberg
Scotland plans to issue its first bonds within the next two years as the pro-independence government in Edinburgh seeks to demonstrate greater financial sovereignty and gain access to a new pool of investors.
The push to sell quasi-sovereign bonds comes after Scotland was assigned its first credit ratings by S&P Global Ratings and Moody’s, with S&P giving the nation an AA rating and Moody’s giving it an Aa3 rating.