Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing Fixed Rate - 5 to 30 year term

10 year loan rate 1.53%

Short-Term Financing Floating Daily Rate - up to 5 year term

January 19, 2021 rate 0.92000 %   

Historical rates

Equipment Financing Fixed Monthly Rate - up to 25 year term

January 2021 rate 0.95000 %

Historical rates

Pooled Investments

January 18, 2021 Daily Price

Money Market Fund / $10.0000 / unit

Govt. Focused Ultra-short Bond Fund / $9.6240 / unit

Short-term Bond Fund / $10.1531 / unit

Fossil Fuel Free Short-term Bond Fund / $10.1046 / unit

Mortgage Fund / $10.1106 / unit

January 18, 2021 Yield to Maturity

Money Market Fund / 0.370 %

Govt. Focused Ultra-short Bond Fund / 0.156 %

Short-term Bond Fund / 0.640 %

Fossil Fuel Free Short-term Bond Fund / 0.566 %

Mortgage Fund / 2.162 %

Historical Yields and Prices

Pooled High Interest Savings Account

January 2021

CIBC .90%

January 2021

National Bank of Canada .82 %

 

 

What's New?

NEWS & PRESS RELEASES:

Quarterly Investment and Debt Financing Forum - Webinar: 

Next session runs from 9:30am - 11:00am on March 16, 2021. Register through GFOABC.

MFA AGM & Financial Forum - Virtual Event

To be held on March 25, 2021. Read this memo for details.

MFABC Successfully Completes $125M Bond Offering: 

Read the press release for details.

MFA'S FOSSIL FUEL FREE INVESTMENT OPTIONS:

Please see memo for details.

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:

COVID-19 Response: 

Follow MFABC

Twitter @MFAofBC 
LinkedIn

Investors

2020 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

1.39%

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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