 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors! x4 ~% p$ u+ \. k: K! i a% H
1 o' Z' b' S7 N! m. x. j
( P7 W" I; W# F4 ]- q, H/ t/ @edmontonjournal.comSeptember 1, 2009Comments (1)2 O" K$ p- d* J1 D, j6 a6 L4 {/ E
/ d) P* A' o8 \6 o5 u6 [
$ ?3 K* S+ _" M8 x' T8 `/ n) ]( e* @" n6 |) o
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.
i2 O2 D6 t; q! \8 O9 W. _ ^- Y. a2 s( [) a3 z6 s
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.
6 e, q) d t; L9 M: [9 c6 q; w, S
4 U7 O$ B8 `8 d$ }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 $7 billion, ATB said at the time.* p' h4 j# l% Y) p
; ^+ {6 b& e; E; p( C$ \Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.$ S( B7 F9 U7 ?# i( j" g' P
- W( ]7 e5 Q8 N% f7 @
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.( y+ `: m% @+ P, T: T
: i e* X/ R. U* ]. L* o“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”/ M7 f. X, P2 F4 U1 f! `
& K! A" n- v" b0 A S# M: ^( C
The GICs will be available for a limited time only. |
|