 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors% f# O9 U3 L2 \2 G& g6 F. j5 c$ ^$ x: _
! E4 d% i" g. _2 h1 [; K6 S& U$ b6 l, p
( M# {; A7 \( J3 [5 U4 Z6 qedmontonjournal.comSeptember 1, 2009Comments (1); `, M6 G N) ]5 A Q# l i
0 e$ D) b7 B v- l + L* m* {: ^& ~; e+ F1 P
" L% |* a m: M' }! I# ^
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.
9 m) i2 j2 e% L* ]* b, r! [
* b% N2 p" f* ^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.$ [) g) ^' F+ E- v, X3 Z# H
! A8 v, n; n: iThe 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.. ^6 X% J1 ?( m- B" j
8 P2 D* K# T4 n% b% ?! zFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses., V* I; i' p; [4 j }; Q- W
' I H5 @! Z. V9 D“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO./ N* ?/ t& j& G. T3 b" Y0 T/ W2 D
8 Q! r/ F' c2 j9 j. u b0 g
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
1 j" l& k. B* V2 `+ J, t+ q) q, T! Q6 Y6 @* v' @2 s
The GICs will be available for a limited time only. |
|