Gerald Nash (Louth, Labour)
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Question 123: To ask the Minister for Finance if he will consider a scheme to issue national recovery bonds aimed at the Irish diaspora; and if he will make a statement on the matter. [19958/11]

Michael Noonan (Limerick City, Fine Gael)
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There are possibilities already in place for people interested in investing in government bonds. Irish sovereign bonds are available for purchase through sixteen Primary Dealers recognised by the National Treasury Management Agency (NTMA). The NTMA has published information on their website (www.ntma.ie) which gives the names and contact details for institutions which sell bonds to the public, and the fees they charge.

The Agency maintains a comprehensive marketing campaign to encourage overseas investors to buy a range of Irish Government Bonds. In the last two months, the Agency met with potential investors in the United States, Britain, France, Germany, Hong Kong, China, Japan, Malaysia and Singapore, as part of the ongoing strategy of encouraging overseas investment in Irish Government Bonds. At home, there are possibilities already in place for people to support the Exchequer through their savings, by placing them in the State Savings products offered by the NTMA to personal savers. These are the National Solidarity Bonds, Savings Bonds, Savings Certificates, Prize Bonds and Instalment Savings, which are available for purchase through any Post Office.