---
title: "DFSED-Financial Advisor for Scottish Government Bonds"
ocid: "ocds-h6vhtk-04c2d0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c2d0"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c2d0.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c2d0.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SCOTTISH GOVERNMENT"
published: "2025-04-10"
---

# DFSED-Financial Advisor for Scottish Government Bonds

Buyer: SCOTTISH GOVERNMENT  
Current stage: Award  
OCID: ocds-h6vhtk-04c2d0

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/014404-2025 |
| 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 |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Apr 2025 |
| Submission deadline | 20 Feb 2025 |
| Future notice date | 13 Jan 2025 |
| Award date | 6 Apr 2025 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,500,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £494,975 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH GOVERNMENT |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 8EA |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ERNST & YOUNG LLP (EY |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 10 Apr 2025 at 16:20 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/014404-2025
- 22 Jan 2025 at 10:08 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/002124-2025
- 22 Jan 2025 at 09:48 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/002112-2025
- 6 Dec 2024 at 09:21 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/039353-2024

## Notice URLs

- http://www.scotland.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000788379
- https://www.gov.scot/publications/scottish-budget-2025-2026-scottish-government-borrowing/
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA10482
- https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c2d0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c2d0.json.