 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors) w0 S, p& z. X$ ]1 P
' B: q o1 b( Z4 V6 x) N
; ]6 B6 M% ~7 ^( T! oedmontonjournal.comSeptember 1, 2009Comments (1)
/ B$ x" n0 O2 J5 i5 ?
5 \1 c6 q K* H p. _/ E 7 w- H# t% `) \! L
4 a! U4 L. z/ L6 F% L1 ^
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.
. K% C4 f$ ?- r. H: I2 B! i3 C% v
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.
( ?2 O6 J& h5 M$ O0 D+ |1 ^% B/ I+ S6 @# H) d! h
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.( c4 g2 n& u0 Z ?# o2 a9 k
0 z& {* J4 `2 R9 u! |2 QFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.: T4 x }5 \6 i5 @3 i
. }3 @- o) [5 o1 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.1 D* a" r1 o/ w: H0 ]
- w5 c& N2 U+ c
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
3 d3 }! ~. C* s- J; q. H+ p
0 A2 N2 T0 a; F/ h- |7 @/ J5 ZThe GICs will be available for a limited time only. |
|