Fianna Fáil Spokesman on Public Expenditure and Financial Sector Reform Michael McGrath TD has said the national solidarity bond, launched by Fianna Fáil in Government last year, is a tremendous success and has attracted over 20,000 investors.

 

Deputy McGrath said, “In answer to my parliamentary question, the Department of Finance has confirmed that over 20,000 people have to date invested almost €440 million in the national solidarity bond. Funds invested in the 10-year and 4-year bonds are helping to stimulate economic recovery and create employment.”

 

“The first 10-year bond was launched 11 months ago and Irish customers have invested over €400 million in the bond managed by the National Treasury Management Agency. Before the general election, a 4-year bond was also launched and this has already succeeded in attracting almost 1,500 customers in just two months. Customers can sign up to the bond in their local post office and can invest anything from €100 to €250,000.”

 

“The National Solidarity Bond has enabled Irish people to make a positive contribution to economic recovery whilst at the same time providing much needed capital to invest in state infrastructure. Anyone seeking further information should visit their local post office or visit www.statesavings.ie,” concluded Deputy McGrath.