Nine banks have been appointed to advise the Scottish Government on its bond programme.
Ministers hope to raise £1.5 billion over the next five years to invest in capital projects through the offering.
HSBC, Merrill Lynch, NatWest Markets and RBC Europe have been appointed as managers for the bonds – known as joint bookrunners.
Santander, Barclays, Citigroup, Deutsche Bank and Standard Chartered Bank will be included in subsequent bond sales, the Government has said.
Deputy First Minister Jenny Gilruth – who is also the country’s Finance Secretary – said: “This new framework will play an important role in supporting the delivery of the Scottish Government’s bond programme, bringing together a range of market expertise.
“The funding raised from these bonds will help support delivery of the capital infrastructure projects outlined in the spending review, while allowing the Scottish Government to diversify its borrowing.
“Bonds are a standard form of borrowing for governments around the world.
“The Scottish Government’s bond programme is underpinned by high investment grade credit ratings from two global credit rating agencies.
“These are an endorsement of the strength of the Scottish economy and efforts we are making to drive that forward.”