Written answers
Wednesday, 31 March 2010
Department of Finance
National Treasury Management Agency
8:00 pm
Joan Burton (Dublin West, Labour)
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Question 98: To ask the Minister for Finance if he will be considering the issuance, or the issuance by the National Treasury Management Agency under Government guarantee, of index linked bonds in the context of the National Pensions Framework; and if he will make a statement on the matter. [14117/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Treasury Management Agency is responsible for borrowing on behalf of the Exchequer. In order to raise funding, the Agency has developed and continues to develop a wide portfolio of debt instruments designed to respond to the needs of the market and to ensure the appropriate overall structuring and management of the National Debt.
The Agency has indicated that index-linked bonds are among a range of products that it is currently considering. However, there are many issues to be resolved in relation to the issuance of such an instrument, including a number of practical issues such as the need to ensure adequate liquidity for the bonds.
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