National Treasury Management Agency.

Dáil Éireann Debate, Tuesday - 3 March 2009

Tuesday, 3 March 2009

Ceisteanna (93)

Joan Burton

Ceist:

126 Deputy Joan Burton asked the Minister for Finance his views on establishing, under the aegis of the National Treasury Management Agency, a sovereign guaranteed bond through which credit unions could channel surplus members’ savings rather than purchasing financial products on the open, lightly regulated market; and if he will make a statement on the matter. [8681/09]

Freagraí scríofa

Minister for Finance (Deputy Brian Lenihan)

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