We can now invest in Alberta
Posted Jan 29, 2010 11:15 am.
This article is more than 5 years old.
Startng February 16th, Albertans can invest in the province.
For the first time in 13 years, Alberta Capital Bonds will be back on sale.
The money will be used to invest and support seniors accomodations.
The province hopes to raise $100 million through bond sale, which is scheduled to end March 1st.
The Chief Economist at Calgary Economic Development, Adam Legge tells 660News, the sale is a good business move by the goverment which is trying to find new ways to raise capital.
The minimum purchase is $1,000 with a maximum of $25,000.
The bonds are non renewable and non transferable with a five year term at a fixed rate which will be announced shortly.
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