Clients
FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Long-Term BorrowingFixed Rate - 5 to 30 year term
10 year loan rate 1.57%
Short-Term FinancingFloating Daily Rate - up to 5 year term
November 27, 2020 rate 1.21875 %
Equipment FinancingFixed Monthly Rate - up to 25 year term
November 2020 rate 1.21875 %
Pooled Investments
November 26, 2020 Daily Price
Money Market Fund / $10.0000 / unit
Govt. Focused Ultra-short Bond Fund / $9.6559 / unit
Short-term Bond Fund / $10.1372 / unit
Fossil Fuel Free Short-term Bond Fund / $10.1587 / unit
Mortgage Fund / $10.1282 / unit
November 26, 2020 Yield to Maturity
Money Market Fund / 0.405 %
Govt. Focused Ultra-short Bond Fund / 0.268 %
Short-term Bond Fund / 0.777 %
Fossil Fuel Free Short-term Bond Fund / 0.706 %
Mortgage Fund / 2.231 %
Pooled High Interest Savings Account
November 2020
CIBC .90%
November 2020
National Bank of Canada .82 %
What's New?
NEWS & PRESS RELEASES:
LOAN REQUEST & TRANSACTION DEADLINE:
All applications for new short-term and equipment financing loans must be submitted to finance@mfa.bc.ca by December 15, 2020 and all transaction requests must be submitted by December 21, 2020, to allow time for processing before year-end.
MFABC Successfully Completes $125M Bond Offering:
Read the press release for details.
COVID-19 Response:
MFA'S FOSSIL FUEL FREE INVESTMENT OPTIONS:
Please see memo for details.
Quarterly Investors' Forum Webinar:
Next session runs from 9:30am - 10:30am on December 15, 2020. Register through GFOABC.
LONG TERM FINANCING - INVOICING PROCEDURE CHANGE:
Effective March 12, 2020. Please see memo for details.
Equipment Financing Rate Change:
Effective January 1, 2020. Please see memo for details.
Spring 2021 Long-Term Borrowing Opportunity & Notice of Actuarial Reduction:
Please see memo for details and deadlines.
Change in Debt Reserve Fund Disbursement Process:
Please see memo for details.
Long-Term Debt Issue Proceeds Disbursement:
Follow MFABC
Investors
2020 BCMFA Credit Ratings
-
Moody's: Aaa "Stable"
-
Fitch: AAA "Stable"
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Standard & Poor's: AAA "Stable"
Short Term Ratings
-
Moody's: P-1
-
Standard & Poor's: A-1+
Bond Rate - 10 year
1.43%
INVESTOR RELATIONS
RESEARCH REPORTS
- Market Musings - September 2020 - TD Securities
- Public Sector Debt - May 2020 - National Bank of Canada
- Special Report - May 2020 - CIBC
Tools / Resources
Find status of loans, issue highlights, amortization schedules and historical rates.
Forms
Know what service you want to apply for? Find all of our forms here.