 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors
* t3 r) Y* d8 C: s3 B 3 l1 b, M% U0 S0 y* E( Y6 ^' c
! ]' n6 [! Q0 }
edmontonjournal.comSeptember 1, 2009Comments (1)
# D* J3 u. @& I9 k$ Y
3 d+ r {0 d, _1 ^. _4 O 0 ~ F0 S* C" n( W8 ~
& ~/ x" H9 @, }: QEDMONTON — 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.
# @' F! K4 F9 f2 J( k6 j9 d. e* T* W& z" ?9 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.
) i0 A& W# u" V
; Z" O3 J% ?! u% ZThe 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 $7 billion, ATB said at the time.
* V! }- V9 H( u+ q& B
* \* C+ ~3 R h3 I$ w2 GFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
5 O" V" |- ~" `! A2 ~* w
! a# c4 m6 W+ Q2 f9 D$ s; ]) H# [“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
{5 {8 y4 I8 l: @/ V4 G1 \4 V: P/ b+ T" x& F- ?5 n
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
+ b5 d: x3 W2 g/ z) d0 D! Y) R1 \0 Z+ h; |/ }0 f
The GICs will be available for a limited time only. |
|