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First Minister-Devolved Scottish Gov't To Issue Bonds On Int. Markets

SCOTLAND

In his speech to the Scottish National Party (SNP) conference, First Minister Humza Yousaf has claimed that the devolved Scottish gov't intends to seek to raise money on international bond markets “in our own right" for the first time. Claims that the "Scottish gov't bond issue will be subject to market testing and due diligence", with the bond issuance set to fund infrastructure projects according to the FM.

  • Such an issuance will be seen as a test of the fiscal credibility of the Scottish gov't amid the SNP's push for independence from the United Kingdom.
  • Data from August showed that, "...the Government Expenditure and Revenue Scotland (Gers) figures show the country had a £19.1bn deficit - the equivalent of 9% of GDP. The UK had a deficit of 5.2% of GDP." It should be noted that the Gers report remains a controversial political topicin Scotland.
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Homepagemarkets-real-timePolitical Market NewsBond Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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