Michael McGrath (Cork South Central, Fianna Fail)
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Question 215: To ask the Minister for Finance he amount of money invested to date in the national solidarity bond; the number of persons who have made investments; and if he will make a statement on the matter. [35820/10]

Michael McGrath (Cork South Central, Fianna Fail)
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Question 234: To ask the Minister for Finance the way the money invested in the national solidarity bond is managed and to provide details of the way the money is used [36251/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 215 and 234 together. 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, at close of business on Friday, 8 October, a total of some €255 million had been invested in the Bond by almost 11,500 customers. The Bond is part of the Government's State Savings schemes managed by the National Treasury Management Agency. The proceeds of the Bond are used to fund the Exchequer and form part of the National Debt.