
Prize Bonds are an Irish Government Security that are marketed directly to consumers in Ireland. Investors in Prize Bonds do not receive interest on their investments but enter a weekly prize draw, which awards hundreds of tax-free cash prizes.
The Prize Bond scheme is operated by the Prize Bond Company, which is a joint venture between FEXCO and An Post, the Irish Post Office. FEXCO is responsible for the administration of the scheme. The company operates the scheme on behalf of the National Treasury Management Agency which is the state organisation charged with management of the national debt.
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Copyright © 2008
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