Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing

Fixed Rate - 5 to 30 years           10 year loan rate 3.00%

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 - $9.7151 / unit

Bond Fund - $9.6919 / 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

NEW: Pooled High Interest Savings Account with National Bank of Canada PHISA current rate of return is 2.27%.  CIBC PHISA current rate of return is 2.21%.  See the program page or email us for more information.

2018 MFA Tax Levy Payment Will be collected via Electronic Funds Transfer (EFT). Please complete this Tax Levy one-off EFT Form and email it to us by July 16, 2018. We will process the payments on August 1, 2018.

The 2019 MFA AGM and Financial Forum will be held March 27 & 28. Details will follow in January 2019. 
Slides from our 2018 AGM & Financial Forum guest speaker presentations are available on our Governance page.

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

NEW: Fall 2018 Borrowing Opportunity: details and deadlines.

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

2.93%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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