Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

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

10 year loan rate 3.01%

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

Current rate 2.71250 

 Historical rates

Equipment Financing - Floating Daily Rate - up to 25 years

Current rate 2.71250%

Historical rates

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.6806 / unit

Bond Fund - $9.6835 / 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: Registration Now Open for the 2019 Annual General Meeting & Financial Forum:

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

MEMBER APPOINTMENTS: deadline to submit Regional District Member Appointments for 2019-2020 is February 28, 2019. If you have not yet appointed your member(s)/alternate(s), please note the upcoming deadlines for AGM event registration. See memo for further details.

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

2.95%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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