Scottish government names bookrunners for first bond issuance

Bank of America Corp

BAC

0.00

Royal Bank of Canada

0.00

NatWest Group Plc Sponsored ADR

NWG

0.00

LONDON, June 25 (Reuters) - Scotland's government named HSBC, NatWest, RBC and Merrill Lynch, which is part of Bank of America, to act as joint bookrunners for its first sale of bonds in recent history.

The programme aims to sell £1.5 billion ($1.97 billion) of debt over the next five years to fund capital infrastructure projects.

"The Scottish Government's bond programme is underpinned by high investment grade credit ratings from two global credit rating agencies," Deputy First Minister Jenny Gilruth said.

($1 = 0.7601 pounds)

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.