Written answers

Tuesday, 3 March 2009

Department of Finance

National Treasury Management Agency

10:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 126: To ask the Minister for Finance his views on establishing, under the aegis of the National Treasury Management Agency, a sovereign guaranteed bond through which credit unions could channel surplus members' savings rather than purchasing financial products on the open, lightly regulated market; and if he will make a statement on the matter. [8681/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I would like to draw the Deputy's attention to the fact that bonds, for which the National Treasury Management Agency is responsible, allow organisations to invest in fixed-term, fixed-rate instruments which are part of the National Debt.

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