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Financial Services Regulation.

Dáil Éireann Debate, Tuesday - 17 February 2009

Tuesday, 17 February 2009

Questions (130)

Michael McGrath

Question:

162 Deputy Michael McGrath asked the Minister for Finance his views on the National Treasury Management Agency establishing an investment product as a vehicle for credit unions to invest surplus deposits in the State for a certain rate of return. [5861/09]

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Written answers

I would like to draw the Deputy's attention to the fact that Irish Government bonds, for which the National Treasury Management Agency is responsible, allow organisations such as credit unions to invest in fixed-term, fixed-rate instruments which are part of the National Debt.

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