Bond to bail out state offers 50% return in 10 years

INVESTORS who bail out the state with their savings will earn a 50% return over 10 years under the terms of a new National Solidarity Bond.

The bond is intended to suck in cash to fund key infrastructural projects to help Ireland out of recession.

The Government does not expect to attract anything like the €15 billion pumped into SSIAs, but the long-term interest rates have been made unusually lucrative to soak up whatever spare money is still available.