More than €70 million invested in new National Bond Scheme - Collins

More than €70 million has been invested in the National Solidarity Bond Scheme since it was launched last month, Deputy Niall Collins has learned. The County Limerick TD received word from the Department of Finance that almost 3,000 customers have bought into the bond scheme since May 4th.

“The idea behind the bond scheme was to encourage citizens to invest in an opportunity that would also provide money to the State to assist in stimulating the economy and help create more jobs,” said Deputy Collins. “On the basis of the figures for the first eight weeks of the scheme there is clearly a demand for this type of investment opportunity out there and there are a good number of people who have money saved.”

“Approximately 72 people a day have been investing in the scheme on average. That shows that the Government was wise to bring in a programme like this that will help give more funding to the Exchequer and ultimately help us bring about more employment opportunities.”

“I hope that the bond will continue to attract this level of investment and I would encourage anyone who does have money available to look at this as a worthy and financially rewarding opportunity,” Deputy Collins concluded.