SCOTLAND WILL ISSUE FIRST EVER BOND
Scotland will raise money on international bond markets for the first time, the leader of its devolved government Humza Yousaf said on Tuesday, a move he said would help demonstrate the country's credibility as his party seeks independence.
"I can confirm that by the end of this parliament the SNP government will – subject of course to due diligence and appropriate market testing - we will go directly to the international bond market for the first time in our own right," Yousaf said in a speech to his Scottish National Party's (SNP) conference. "We will issue Scotland's first ever bond... We will also demonstrate the credibility to international markets that we will need when we become an independent country." Yousaf said the money would be used to fund infrastructure projects aligned with his government's priorities on improving public services, building a green economy and ensuring equality of opportunity.
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