 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors8 i' f: V1 x- a$ M4 F, M, h i
4 y' L z4 ]* Y# }: U I1 v5 K; y
4 l6 R/ `# b9 d
edmontonjournal.comSeptember 1, 2009Comments (1) N& m1 N- u! u* r
% Z# x9 p8 d9 p+ [. W 8 K' J, ?( a: l0 d9 r
4 `; p k6 F8 N" g0 NEDMONTON — 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 D2 ?+ b) H3 m# h* Q2 T3 J! z) K- Y5 U2 a; _- o9 m0 m' N
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.
9 u) ^1 B& |' }, G" C- q- M% w
9 X; x: q" R$ q" I0 X0 R+ RThe 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 $7 billion, ATB said at the time.
' `" S) w* e* x- C7 \! r$ U, U2 _# h/ x/ p1 w2 {
Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
- X% S" B' r2 F" l+ j9 v2 `2 C: Q8 @. @
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
6 r- N1 w& K, y0 Y t( X! z$ V7 r0 w8 E9 h" p# y$ n1 ?3 y8 O, }5 `
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
: A% Z) I- R& Q
9 n- i1 E+ U4 q# P6 ZThe GICs will be available for a limited time only. |
|