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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, Market, Reserve Currencies

Ireland to use National Pension Reserve Fund assets

Posted on 26 November 2010

From Globalpensions.com: The Irish government plans to use assets from the €24bn ($32bn) National Pensions Reserve Fund (NPRF) to support the government bond market and infrastructure investment, the National Recovery Report has confirmed.
The government intends to launch a four-year ‘solidarity’ bond which pays an annual fixed rate of 1% with added bonuses up to 50%, provided pension funds are invested for a longer time. The bond has a similar structure to the ten-year bond, paying a coupon each year and a bonus for investors who hold the bond to maturity. The ten year solidarity bond has raised €300m since its launch in May 2009……………………………………….Full Article: Source


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