State bond pulls €70m since May

OVER €70 million has been invested in the Government’s National Solidarity Bond since its inception in early May – with €20m of that being injected inside the last three weeks.

The bond – which is being run by the National Treasury Management Agency (NTMA) and sold via An Post – was officially launched on May 4 and acts as a savings product for small investors and a fundraising initiative for the Exchequer.

The early subscriber figures from the NTMA suggest that about 72 people are investing a combined €1.7m in the scheme on a daily basis; meaning that nearly 3,000 people have signed up to the savings option – something which justifies its creation, according to Co Limerick Fianna Fáil TD, Niall Collins.