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Native business bond issue announced

Page 11

The Bank of Montreal announced a landmark $500 million Native business bond issue at a recent conference in Vancouver. The precedent-setting financing is believed to be the largest Native bond financing in the world.

The bank expects to receive a full guarantee by the federal government.

"First Nations people require substantial capital for development projects, but the government's deficit makes outright grants more difficult to raise," said Ron Jamieson, vice president of the bank's Aboriginal banking group.

Native business bond issue announced

Page 11

The Bank of Montreal announced a landmark $500 million Native business bond issue at a recent conference in Vancouver. The precedent-setting financing is believed to be the largest Native bond financing in the world.

The bank expects to receive a full guarantee by the federal government.

"First Nations people require substantial capital for development projects, but the government's deficit makes outright grants more difficult to raise," said Ron Jamieson, vice president of the bank's Aboriginal banking group.

Native business bond issue announced

Page 11

The Bank of Montreal announced a landmark $500 million Native business bond issue at a recent conference in Vancouver. The precedent-setting financing is believed to be the largest Native bond financing in the world.

The bank expects to receive a full guarantee by the federal government.

"First Nations people require substantial capital for development projects, but the government's deficit makes outright grants more difficult to raise," said Ron Jamieson, vice president of the bank's Aboriginal banking group.

Native business bond issue announced

Page 11

The Bank of Montreal announced a landmark $500 million Native business bond issue at a recent conference in Vancouver. The precedent-setting financing is believed to be the largest Native bond financing in the world.

The bank expects to receive a full guarantee by the federal government.

"First Nations people require substantial capital for development projects, but the government's deficit makes outright grants more difficult to raise," said Ron Jamieson, vice president of the bank's Aboriginal banking group.

Management program tailored to Aboriginals

Page 10

As the movement towards self-government picks up steam, many band councils are finding their management and administrative skills deficient. But translating those needs into an effective Aboriginal management training program at the post-secondary level is often a problem.

Michael B. Kennedy, a program development consultant with Northern Alberta Institute of Technology (NAIT), said the problem exists because many post-secondary institutions fail to understand the real needs of Indian bands when developing management training programs.

Management program tailored to Aboriginals

Page 10

As the movement towards self-government picks up steam, many band councils are finding their management and administrative skills deficient. But translating those needs into an effective Aboriginal management training program at the post-secondary level is often a problem.

Michael B. Kennedy, a program development consultant with Northern Alberta Institute of Technology (NAIT), said the problem exists because many post-secondary institutions fail to understand the real needs of Indian bands when developing management training programs.