 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors0 M/ G3 O0 r w, }8 @. H
3 A3 ^2 ?1 h' v: X3 f8 Z# C
0 h0 B8 N% h0 Wedmontonjournal.comSeptember 1, 2009Comments (1)9 ^3 Q0 n, d: C* I( ]- {# G8 L- @
4 ?+ M& u0 ?9 R5 N* m
5 e& Z- X/ r1 m. l
; ]: L) f; i( S1 AEDMONTON — Tuesday marked the first day investors could purchase a new GIC that ATB Financial says will help fellow Albertans and businesses hurting due to tight credit markets.
" W! Y" I0 s! T( v3 O, y" ~6 N7 X% d4 ]$ z
The ATB Growth Note will be a five-year guaranteed investment certificate with a 4.25-per-cent interest rate, announced the provincial Crown corporation and Edmonton-based financial institution on Tuesday.7 y: l5 D& b/ E' E2 H+ t" d
* I& \" I! f. I* U: gThe initiative was first revealed in July as part of a commitment by ATB to increase its lending capacity to small business to offset the effects of tight credit markets by as much as $15 billion. Changes to ATB’s notional capital requirements will increase its lending capacity by about $8 billion and the investment deposit product would raise another $7 billion, ATB said at the time.
$ }7 s! v" h {% F
! y' A* _$ X: {8 HFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.# ^" ]/ s. N% D2 {+ _
! J: @) Z# J8 q, D& q/ \
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.2 Y- T; G& Q+ @! f# P6 u
" ?' r$ Q* l' N& I$ `“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
6 L# Z' H5 n8 J1 q' r, D9 K C( K) _$ j1 b; g% t' z
The GICs will be available for a limited time only. |
|