Scotland Sounds Out Investors for First Kilts Bond Sale
The Scottish government is engaging with leading investors ahead of its first independent bond issuance scheduled for the 2026-2027 financial year. This 1.5 billion pound program marks the first time Scotland has utilized its 2015 borrowing powers following recent credit ratings.
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The Scottish government is sounding out top investors for its debut "kilts" bond sale, marking its first independent capital markets entry in over 300 years. The planned issuance is part of a £1.5B ($2B) program scheduled for the 2026-2027 financial year. For investors, the move creates a new sub-sovereign asset class with credit ratings currently aligned with the broader British market.
