Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing

Fixed Rate - 5 to 30 years           10 year loan rate 3.21%

Short-Term Financing

Variable Rate - up to 5 years     

Daily floating rate 2.32%
Historical rates

Equipment Financing

Variable Rate - up to 25 years*   

Daily floating rate 2.32%  
*see program details for further information
Historical rates
 

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.6851 / unit

Bond Fund - $9.6555 / unit

Performance Results

Pooled High Interest Savings Account

CIBC HISA rate 2.21% (effective Jul 12/18)

National Bank of Canada HISA rate 2.27% (effective Jul 12/18)

 

What's New?

NEW: Investing in a Rising Interest Rate Environment :

Read our Memorandum on this topical issue, and check out our GFOABC Webinar on this subject, Tuesday, Sep 18th

NEW: MFA Pooled High Interest Savings Accounts: National Bank of Canada 2.27%.; CIBC 2.21%.  See the program page or email us for more information.

NEW: Vehicles formerly leased through MFA Leasing Corp, must now be insured/registered in your organization's name.  Check your records as the MFA Leasing Corp. is closing. 

NEW: Excellence in Local Government is a collaborative effort by the organizations that support BC Local Governments to provide an overview of their mandates and services.

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

Fall 2018 Long-term Borrowing deadline has passed - Spring 2019 deadline to be announced.

Follow MFABC: MFABC @MunicipalFinance @MFABC1970

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

3.14%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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