Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing - Fixed Rate - 5 to 30 years

10 year loan rate 3.06%

Short-Term Financing - Floating Daily Rate - up to 5 years

Current rate 2.74125 

 Historical rates

Equipment Financing - Floating Daily Rate - up to 25 years

Current rate 2.74125%

Historical rates

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.6820 / unit

Bond Fund - $9.6727 / unit

Performance Results

Pooled High Interest Savings Account

CIBC 2.46% (effective Oct 25/18)

National Bank of Canada 2.52% (effective Oct 25/18)

 

What's New?

NEW: Important dates for the Holiday season:

We will be operating on holiday hours December 24, 2018 to January 1, 2019.  We are asking that all new loans and funding requests be submitted no later than December 21, 2018. Please email us if you have any questions.

NEW: Investors' Forum Webinar with GFOABC: Tuesday, December 18th, 2018 - 9:30 AM - 11:00 AM PDT

Join The Investors' Forum Webinar, sponsored by the MFA. This quarter's topic is a Geopolitical overview of the markets as well as how recently enacted Bail in Legislation on Bank bonds may effect you. Guest panelists include Angelo Katsoras of the National Bank of Canada and Kris Somers of BMO Capital Markets.

Learn more about the forum here or email us for more information. Registration is available to GFOABC Members.

NEW: 2019 Annual General Meeting - MARK YOUR CALENDARS!

The 2019 Financial Forum and Annual General  Meeting of our Members will be held Wednesday, March 27th and Thursday, March 28th, 2019 at the Hotel Grand Pacific in Victoria, BC. The schedule of events and further details will be shared here in January 2019.

NEW: Spring 2019 LT Debt Issue: deadline to apply for a Certificate of Approval for a Security Issuing Bylaw is February 15, 2019. See memo for further details.

MFA Pooled High Interest Savings Accounts: National Bank of Canada 2.52%.; CIBC 2.46%.  See the program page or email us for more information.

Change in Issue Proceeds disbursement process: RD & RHD notice, Municipal notice.

Follow MFABC: MFABC @MunicipalFinance @MFAofBC

Investors

BCMFA Credit Ratings

  • Moody's: Aaa "Stable"
  • Fitch: AAA "Stable"
  • Standard & Poor's: AAA "Stable"

Short Term Ratings

  • Moody's: P-1
  • Standard & Poor's: A-1+

Bond Rate - 10 year

2.99%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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