鲜花( 0) 鸡蛋( 0)
|
ATB’s new GIC now available to investors
1 r) B' @9 K$ O9 I 1 Q1 h0 X/ [6 Q7 m, X, m X
+ q. n `* e4 Uedmontonjournal.comSeptember 1, 2009Comments (1)
& q. K6 \4 d0 w1 X' ] 4 v0 i6 n1 h; Y/ Q& z. e" `, ~% g
" d! W+ m" y: J- G1 e ?8 H) y
/ z$ U$ m* b% M+ KEDMONTON — 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.
' [; \- i9 g J5 g5 X; L' z
) }- j5 ?& L, s1 CThe 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.1 h1 l+ ?9 t T# _1 h9 N; A3 b
! N+ m ^6 e. _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 $7 billion, ATB said at the time.
4 S+ Q4 L% X# A2 N4 ], J
2 @/ `- U: e, J4 T+ eFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
9 i# Z# U4 a2 x5 i
m* j0 m5 U& |“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.2 y: D! x( U$ |
! D I/ i7 ]. o; m3 q“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”1 z/ b( X0 F) \- y* H$ F
- Y, N1 s/ Q% s
The GICs will be available for a limited time only. |
|