Written answers
Tuesday, 19 October 2010
Department of Finance
National Solidarity Bond
9:00 am
Niall Collins (Limerick West, Fianna Fail)
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Question 217: To ask the Minister for Finance the 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. [37701/10]
Brian 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, at close of business on Monday, 18 October, a total of some €265 million had been invested in the Bond by almost 12,000 customers.
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