Ireland to use National Pension Reserve Fund assets

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IRELAND - 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 ha...

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