Grimsby adds $2.5M National Bank FLEX GIC to 2030
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Description
Grimsby invested $2.5 million in a National Bank FLEX GIC DSC at 4.25% maturing August 16, 2030, adding medium-term guaranteed income to its portfolio.
Contract Details
Contract Amount
$2,500,000
Vendor
NATIONAL BANK OF CANADA
Agency
Town of Grimsby, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
March 27, 2025
Contract Term
2024-08-16 to 2030-08-16
Renewal Date
2030-08-16
Renewal Info
Principal and interest payable at 2030 maturity; future investment choices to follow.
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