Michael McGrath (Cork South Central, Fianna Fail)
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148. To ask the Minister for Finance the take-up to date of sovereign annuity bonds by the pension industry; and if he will make a statement on the matter. [29745/15]

Michael Noonan (Limerick City, Fine Gael)
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Irish Amortising Bonds were launched in 2012 in response to demand from the Irish domestic pensions industry. The National Treasury Management Agency (NTMA) has advised that, as at end-June 2015, that €1.1 billion of Irish Amortising Bonds had been taken up. The NTMA is available to respond to further demand for such bonds as it arises.