Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

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

10 year loan rate 2.44%

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

Current rate 2.45625 

 Historical rates

Equipment Financing - Floating Daily Rate - up to 25 years

Current rate 2.45625% 

Historical rates

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.7132/ unit

Bond Fund - $9.8392 / unit

Historical Prices

Performance Results

Pooled High Interest Savings Account

CIBC 2.46%

National Bank of Canada 2.52%

 

What's New?

NEW: Pooled Funds Advisory Committee:

Municipal Finance Authority of BC is looking to establish a Pooled Fund Advisory Committee comprised of local government investment professionals to assist MFA management in creating, managing, and monitoring our pooled fund product suite. Click HERE for our Pooled Funds Advisory Committee Application. Applications are due July 15, 2019.

Change in Debt Reserve Fund Payout Process

Please see memo for details.

Tax Levy Payment

For 2019, the MFA will be collecting the Tax Levy payments via Electronic Funds Transfer. Please complete this Tax Levy one-off EFT Form and send it to mfa@mfa.bc.ca by July 15, 2019. The MFA will pull the funds from your accounts on August 1, 2019.

Fall 2019 Long-Term Borrowing Opportunity - Please see memo for details and deadlines.

Long-Term Debt Issue Proceeds Disbursement: 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

2.27%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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