 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors) x! j5 D W1 o- |$ N
O: v; U3 b4 y" k R2 g9 j 7 D7 X# t- Z/ T& m
edmontonjournal.comSeptember 1, 2009Comments (1)+ {3 W0 i2 U6 C. U8 P; h1 R/ [
. M7 V4 K" w9 _ * j6 @* _1 j$ o7 [7 T7 S" u2 {
4 i% b4 ]6 C7 t; u( [
EDMONTON — 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.
. a% E0 Y/ s- M+ \/ N) l; R& D# T- p7 c5 K, Z& r
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.
0 q' u. C3 j, a) b8 V' _& q2 n- K3 L' n1 q& C
The 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 $7 billion, ATB said at the time.: l' n& W% E; v9 @# y" V+ ]& i
+ ?) k1 Y# Q$ X% I" ]( n0 T$ K8 BFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.2 g! r" |; b7 A# `! w' Y1 `
6 z3 R" b; P( p
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
, ~1 M+ q$ |- ?# F
6 X" P3 L2 B& s- p, o2 t) I“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
2 [' r5 U& V* H: J% [2 m. b4 a6 x* w4 Q9 Y% T% U6 I
The GICs will be available for a limited time only. |
|