Clients
FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Long-Term BorrowingFixed Rate - 5 to 30 years
10 year loan rate 2.41%
Short-Term FinancingFloating Daily Rate - up to 5 years
Current rate 2.47250 %
Equipment FinancingFloating Daily Rate - up to 25 years
Current rate 2.47250 %
Pooled Investments
Money Market Fund | $10.000 / unit
Intermediate Fund | $9.6744 / unit
Bond Fund | $9.7472 / unit
Money Market Fund | 1.878 %
Intermediate Fund | 1.961 %
Bond Fund | 2.075 %
Pooled High Interest Savings Account
CIBC 2.46%
National Bank of Canada 2.32%
What's New?
MFA HOLIDAY HOURS AND FUNDING DEADLINES:
The MFA will be closed Dec 25, 26, and Jan 1 and will operate with minimal staff Dec. 23 to Dec. 31. New loans that require funding by Dec 31 must be submitted by Dec 13. Funding/paydown requests for transactions prior to year-end must be submitted by Dec 20 to allow time for processing.
Equipment Financing Rate Change
Effective Jan. 1, 2020. Please see memo for details.
Spring 2020 Long-Term Borrowing Opportunity & Notice of Actuarial Reduction:
Please see memo for details and deadlines.
Long-Term Debt Issue Proceeds Disbursement:
INVESTOR FORUM WEBINAR: December 17
Visit GFOABC for more info.
BC AWARE DAY 2020 - Local Government Sector session
The MFA is sponsoring this half day event specifically for BC Local Government IT team members with presentations on Cybersecurity. Email Renata Hale for an information and an invitation to attend.
AGM & FINANCIAL FORUM: MARCH 25-26, 2020
REGISTRATION NOW OPEN. Hosted at Hotel Grand Pacific, Victoria BC.
Follow MFABC
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%
Investor Relations
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.