Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

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

10 year loan rate 3.31%

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

Current rate 2.61250 

 Historical rates

Equipment Financing - Floating Daily Rate - up to 25 years

Current rate 2.61250%  

Historical rates

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.6750 / unit

Bond Fund - $9.6336 / 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 23, 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: 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

3.24%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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