 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors, T/ U$ m5 t b' s$ o/ c
# D0 l: `" R" \" m( x1 K, P
! ]/ h1 t- X' B: \edmontonjournal.comSeptember 1, 2009Comments (1)
- E4 Y2 B8 v9 M/ A 3 {: H2 A0 P: B
& z8 W7 G# n' m: r. I/ Y2 B9 h
3 c o$ A0 i m% S: a% q5 y+ ^
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.
* Q+ R# K* T N* ^( @7 m
/ G. A6 L6 g( v; G; Y- T7 S4 gThe 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.% ^4 ~+ e- x, c
8 q X! ^0 ]0 _- g* E( Z
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 $7 billion, ATB said at the time.
* ^4 B. I7 D& r5 ^. ]% |! S; U! q6 R! `" z: L
Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.7 j6 f# R) _( a- j
3 I8 _! R& w" N- W
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
! u/ a& P' s# |7 ~5 r
' f" S! }/ c& \1 x. `“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
9 I+ `/ Q c0 h3 R' i/ X5 P& d6 Z, w+ P$ o8 S8 D0 v: f- d5 b
The GICs will be available for a limited time only. |
|