Written answers

Wednesday, 30 June 2010

Department of Finance

National Solidarity Bonds

9:00 pm

Photo of Niall CollinsNiall Collins (Limerick West, Fianna Fail)
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Question 114: To ask the Minister for Finance the amount that has been invested with the recently introduced national solidarity bond scheme by members of the public; and if he will make a statement on the matter. [28604/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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In Budget 2010, I announced the Government's intention to launch a National Solidarity Bond, the purpose of which is to allow citizens an opportunity to invest and provide money to the State to stimulate economic recovery and to assist in the maintenance and creation of employment. The necessary legislative basis was provided in this year's Finance Act and the Bond was launched on Tuesday 4 May.

I am informed by the National Treasury Management Agency that, as of close of business on Tuesday 29 June, a total of over €70 million had been invested in the Bond by almost 3,000 customers. On average, this means that, each working day since it was launched, some 72 customers invested a total of €1.7 million in the Bond.

Brochures, application forms, terms and conditions and Frequently Asked Questions on the National Solidarity Bond are available on the internet (www.StateSavings.ie) and additional information is available from a dedicated telephone line 1850 30 50 60 or by visiting any Post Office.

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