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DFSED-Financial Advisor for Scottish Government Bonds

Scottish Government

This public procurement record has 4 releases in its history.

Award

10 Apr 2025 at 17:20

Award Notice
TenderUpdate

22 Jan 2025 at 10:08

Tender Notice
Tender

22 Jan 2025 at 09:48

Tender Notice
Planning

06 Dec 2024 at 09:21

Planning Notice
Summary of the contracting process

The Scottish Government is seeking a financial advisor for their upcoming inaugural Scottish Government Bond Issuance, with the process now in the award stage. Ernst & Young LLP (EY) has been awarded the contract valued at £494,975, signed on 7 April 2025. The procurement falls under the services category, specifically financial consultancy services (CPV 66171000). The project involves determining the conditions and policy parameters for the bond issuance, including timing considerations and frequency of issuances. The project location is in the UKM region, and this open procedure was conducted under the legal basis CELEX 32014L0024.

This tender represents a significant opportunity for businesses within the financial consultancy sector to offer their expertise in large-scale governmental financial projects. Companies with experience in financial advisory, bond issuance, and public listings can leverage this project to grow their portfolio and establish a relationship with the Scottish Government. Although the primary contract has been awarded, similar future projects and advisory roles may arise, providing continued opportunities for consultancy firms specialising in government finance and economic advisory services.

How relevant is this notice?

Notice Information

Notice Title

DFSED-Financial Advisor for Scottish Government Bonds

Notice Description

As outlined in the Scottish Government Borrowing Memorandum (link below) the Scottish Government is continuing to work towards an inaugural Scottish Government Bond Issuance. For the next stage of the due diligence process the Scottish Government is seeking a financial advisor to assist in determining the specific conditions, and policy parameters, which will frame a successful Bond issuance. This will focus on, but not be limited to, the following: - Timing considerations for an inaugural issuance given market conditions and related events. - The frequency of issuances to best meet Scottish Government fiscal and economic objectives. - Consideration of formal "Use of Proceeds" such as "Green Bonds". The link to the Scottish Government Borrowing Memorandum is: https://www.gov.scot/publications/scottish-budget-2025-2026-scottish-government-borrowing/

Lot Information

Lot 1

The Service Provider will provide The Purchaser with independent advice on (1) evaluating the merits of, and (2) undertaking all the preparatory steps required for, the issue of an inaugural credit rating(s) and a public, listed bond. For the avoidance of doubt, the appointment will not include the role of bookrunning of any such bond issue.

Options: Option to extend for a further two 12-month periods at the sole discretion of the Scottish Government.

Renewal: Option to extend for a further two 12-month periods at the sole discretion of the Scottish Government.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c2d0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014404-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£494,975 £100K-£500K

Notice Dates

Publication Date
10 Apr 20251 years ago
Submission Deadline
20 Feb 2025Expired
Future Notice Date
13 Jan 2025Expired
Award Date
7 Apr 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Government
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 8LU
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Ernst & Young LLP (EY)

Further Information

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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