 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors# n! _* `- z" u& h) i# x- {3 c
9 G* r, B* C$ t! | c% K4 F8 _ , q9 p- j- R3 v! H* y0 s i B
edmontonjournal.comSeptember 1, 2009Comments (1)
9 \1 p- [- g1 o9 d) N3 J
+ v" x1 ]; s- b6 [ r2 p
) K: w! y; j/ F
b' F! W t8 N8 ]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.
7 Q) R6 Z' l6 \# \
9 I8 C! u/ p# @2 ~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 ]. E( D. B$ x" h( \
4 ?% |' d. a* S9 qThe 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 N0 c& K- T3 I2 m8 h2 I" N6 s
6 U: K _) B# o0 H' [" z4 [Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
/ \6 c( n4 E* p& R8 d6 V, i
1 |/ N- g2 U+ l. i( C“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
( K8 Q/ k" J/ [" \
$ X% d- u/ ?# c5 X6 i5 w/ F( J“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
+ @3 B3 i8 U( i0 W6 V3 b
1 [& X- d. J, i+ A: W8 hThe GICs will be available for a limited time only. |
|