 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors
& N8 W2 i9 B0 O
3 y" K8 E% I; j$ n% S+ J+ {9 y s + h) k V$ `1 \$ S, l/ O
edmontonjournal.comSeptember 1, 2009Comments (1)4 y- W# R# @- {) [; ~6 @, z
) f0 }/ f. c( q0 w! P G
: f/ U0 T$ }9 F$ h) |7 w
8 e/ a) A$ c; o* j5 VEDMONTON — 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.1 q2 J# C: H, I1 w
: x7 a8 n+ o- ]2 F4 t
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.3 m, n+ g! c% y) E# P, H- S0 ^
! ]% K8 F; i: ]7 ~1 z$ o$ xThe 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 $7 billion, ATB said at the time.) g0 M; L4 G* Z4 h" R- m/ K. K9 O s
9 K- e5 M0 _: B
Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.0 g; H/ x# `; l3 Y! C/ A
+ \. R! c4 E9 {! g“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
4 D0 [- ?$ R) @ [7 t. }7 n) z2 i5 X& I
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
: k- `9 K7 J4 f+ M8 I" M- M, B3 t! v. m
The GICs will be available for a limited time only. |
|