Scottish Government bonds programme information: FOI release
- Published
- 3 March 2026
- Directorate
- Chief Economist Directorate
- Topic
- Economy, Public sector
- FOI reference
- FOI/202500499489
- Date received
- 23 December 2025
- Date responded
- 26 January 2026
Information request and response under the Freedom of Information (Scotland) Act 2002
Information requested
Please provide all documents, analysis, modelling, briefings, advice, correspondence, minutes, and internal discussion papers that relate to the assessment of a retail bond option.
This should include, but not be limited to:
- Any analysis or assessment of demand for a retail bond among Scottish-domiciled individual investors or institutional investors.
- Any modelling of expected uptake, pricing, maturity structure, administrative costs, or delivery mechanisms for a retail bond.
- Any comparison between a retail bond option and issuing bonds via international or wholesale financial markets.
- Any legal, regulatory, operational, or administrative analysis used to rule out a retail bond option.
- Any advice received from external advisers, including EY, or from the Scottish Government Investor Panel, that relates specifically to retail bonds.
- Any internal conclusions, recommendations, or decision papers explaining why a retail bond was not pursued.
Response
I enclose a copy of some of the information you requested in the format you asked for in Annex A.
Some of the information you have requested is available from the Scottish Government website at:
Scottish Government bonds programme: outline business case summary - gov.scot
Under section 25(1) of FOISA, we do not have to give you information which is already reasonably accessible to you. If, however, you do not have internet access to obtain this information from the website listed, then please contact me again and I will send you a paper copy.
About FOI
The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at https://www.gov.scot/foi-responses.
- File type
- File size
- 132.7 kB
Contact
Please quote the FOI reference
Central Correspondence Unit
Email: contactus@gov.scot
Phone: 0300 244 4000
The Scottish Government
St Andrew's House
Regent Road
Edinburgh
EH1 3DG