The Scottish government will issue bonds worth 1.5 billion pounds for investments in infrastructure and housing, to attract investments and strengthen its financial profile.

The Scottish government announced on Thursday that it will issue its first sovereign bonds in 2026/2027, marking the start of a borrowing program worth £1.5 billion aimed at financing infrastructure projects.

S&P Global and Moody's have granted Scotland its first credit ratings, at the same level as that of Great Britain and above the ratings of economies such as Spain, Italy, or Japan. Following the assessment, officials presented the Scottish bonds — already nicknamed "kilts" — as a step towards transforming the country into an attractive destination for investors.