DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

There are 4 contracts in this contracting process.

Summary of the contracting process

The Scottish Government has undergone a comprehensive public procurement process to secure a financial advisor for its inaugural Scottish Government Bond issuance. The contract was awarded to Ernst & Young LLP (EY). The procurement, classified under general public services, focused on the provision of independent financial advisory services to assist with determining specific conditions and policy parameters for the bond issuance. Significant dates in this process include the award date of 7 April 2025, with work continuing from that point. The procurement followed an open procedure, and key locations involved were Glasgow and Edinburgh within the UKM region.

This tender presents substantial opportunities for businesses specialising in financial advisory services, particularly those with expertise in government bonds and public financing. Large consultancy firms with experience in bond issuances, market conditions analysis, and economic objectives will find this tender particularly advantageous. The contract includes options for extension, providing potential for long-term engagement and growth. Given the emphasis on quality over price (70% to 30% weighting), firms with a robust track record in delivering high-quality, independent advice are well-suited to compete. The project's assignment to a renowned firm like Ernst & Young underscores the significance and scale of the opportunity.

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Award, Contract

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Publication Date

10th April 2025 00:00:00 AM
Contract Summary

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 âUse of Proceedsâ such as âGreen Bondsâ. The link to the Scottish Government Borrowing Memorandum is: https://www.gov.scot/publications/scottish-budget-2025-2026-scottish-government-borrowing/
Contract Details

Open Contracting ID

ocds-r6ebe6-0000784958

Publication Source

Public Contracts Scotland

Procurement Stage

Award, Contract

Procurement Method

Open

Procurement Method Details

Open Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66171000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

SCOTTISH GOVERNMENT

Buyer Name

Caitlin Fullarton

Buyer Email

caitlin.fullarton@gov.scot

Buyer Phone

+44 412425466

Buyer Address

5 Atlantic Quay, 150 Broomielaw

Glasgow

G2 8LU
Awarded Supplier(s)

Supplier Name(s)

ERNST & YOUNG LLP (EY)

View contract on Public Contracts Scotland

Tender

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Publication Date

22nd January 2025 00:00:00 AM

Tender Deadline

20th February 2025 12:00:00 PM Expired
Contract Summary

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 âUse of Proceedsâ such as âGreen Bondsâ. The link to the Scottish Government Borrowing Memorandum is: https://www.gov.scot/publications/scottish-budget-2025-2026-scottish-government-borrowing/
Contract Details

Open Contracting ID

ocds-r6ebe6-0000784958

Publication Source

Public Contracts Scotland

Procurement Stage

Tender

Procurement Method

Open

Procurement Method Details

Open Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66171000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

SCOTTISH GOVERNMENT

Buyer Name

Caitlin Fullarton

Buyer Email

caitlin.fullarton@gov.scot

Buyer Phone

+44 412425466

Buyer Address

4 Atlantic Quay, 70 York St

Glasgow

G2 8EA

View contract on Public Contracts Scotland

TenderUpdate

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Publication Date

22nd January 2025 00:00:00 AM
Contract Summary

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 âUse of Proceedsâ such as âGreen Bondsâ. The link to the Scottish Government Borrowing Memorandum is: https://www.gov.scot/publications/scottish-budget-2025-2026-scottish-government-borrowing/
Contract Details

Open Contracting ID

ocds-r6ebe6-0000784958

Publication Source

Public Contracts Scotland

Procurement Stage

TenderUpdate

Procurement Method

N/A

Procurement Method Details

N/A

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66171000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

SCOTTISH GOVERNMENT

Buyer Name

Caitlin Fullarton

Buyer Email

caitlin.fullarton@gov.scot

Buyer Phone

+44 412425466

Buyer Address

4 Atlantic Quay, 70 York St

Glasgow

G2 8EA

View contract on Public Contracts Scotland

Planning

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Publication Date

6th December 2024 00:00:00 AM
Contract Summary

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 âUse of Proceedsâ such as âGreen Bondsâ. The link to the Scottish Government Borrowing Memorandum is: https://www.gov.scot/publications/scottish-budget-2025-2026-scottish-government-borrowing/
Contract Details

Open Contracting ID

ocds-r6ebe6-0000784958

Publication Source

Public Contracts Scotland

Procurement Stage

Planning

Procurement Method

N/A

Procurement Method Details

N/A

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66171000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

SCOTTISH GOVERNMENT

Buyer Name

Buyer Email

caitlin.fullarton@gov.scot

Buyer Phone

+44 412425466

Buyer Address

4 Atlantic Quay, 70 York St

Glasgow

G2 8EA

View contract on Public Contracts Scotland

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

DFSED-Financial Advisor for Scottish Government Bonds

SCOTTISH GOVERNMENT

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority