Scottish Government Aiming to Issue First Bonds in 2026-27
The Scottish government is "on track" to issue its first ever bonds in the next financial year, according to the first minister.
John Swinney confirmed bonds should be issued in 2026-27, though this is subject to the outcome of May's Holyrood election as well as other factors.
The news came as the Scottish government was given the same status as the UK by two global credit rating companies.
The government wants to issue bonds - which will allow it to borrow money from investors who in return receive regular interest payments - to raise money for infrastructure projects.
Credit rating company Moody's rated the Scottish government as Aa3 while rivals S&P Global rated it as AA, both identical to the UK's sovereign rating.
Moody's said its rating was based on the Scottish government's "prudent fiscal management" and the country's economic stability.
S&P said Scotland's economy was "strong" with the country operating "within a stable and predictable institutional framework that provides strong oversight and well-defined arrangements with the UK central government."
Both agencies cautioned that their ratings could potentially be cut if Scotland moves towards independence.
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