Clients
FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Long-Term BorrowingFixed Rate - 5 to 30 year term
10 year loan rate 1.80%
Short-Term FinancingFloating Daily Rate - up to 5 year term
June 3, 2020 rate 1.52500 %
Equipment FinancingFixed Monthly Rate - up to 25 year term
June 2020 rate 1.52500 %
Pooled Investments
June 2, 2020 Daily Price
Money Market Fund / $10.0000 / unit
Govt. Focused Ultra-short Bond Fund / $9.7270 / unit
Short-term Bond Fund / $10.0350 / unit
Fossil Fuel Free Short-term Bond Fund / $ 10.0290 / unit
June 1, 2020 Daily Annualized Yield
Money Market Fund / 0.981 %
Govt. Focused Ultra-short Bond Fund / 0.618 %
Short-term Bond Fund / 1.359 %
Fossil Fuel Free Short-term Bond Fund / 1.177 %
Pooled High Interest Savings Account
March 30, 2020
CIBC .90%
March 31, 2020
National Bank of Canada .82 %
What's New?
POOLED INVESTMENT FUNDS - IMPORTANT CHANGES TO INTERMEDIATE FUND:
Effective May 11, 2020. To meet client demand for a liquid and government-focused MFA pooled fund and a Fossil Fuel Free option, changes will be made to our existing Intermediate Fund within its existing mandate. Please see memo for details.
2020 TAX LEVY PAYMENT:
Tax Levy payments will be collected via Electronic Funds Transfer. Please complete this Tax Levy one-off EFT Form and send to mfa@mfa.bc.ca by July 31, 2020. The MFA will pull the funds from your bank account on August 4, 2020. Please click here for the 2020 rates.
LONG TERM FINANCING - INVOICING PROCEDURE CHANGE:
Effective March 12, 2020. Please see memo for details.
Equipment Financing Rate Change:
Effective Jan. 1, 2020. Please see memo for details.
Fall 2020 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:
LATEST NEWS:
- Read the April 27, 2020 update.
- Read the March 31, 2020 update.
- MFA & GFOABC establish a Strategic Education Alliance
RESOURCE: Managing Cash Flow in a Crisis
GFOA shares simple-to-use Excel-based cash flow models and presentation materials. View these resources on their website.
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Investors
2020 BCMFA Credit Ratings
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Moody's: Aaa "Stable"
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Fitch: AAA "Stable"
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Standard & Poor's: AAA "Stable"
Short Term Ratings
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Moody's: P-1
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Standard & Poor's: A-1+
Bond Rate - 10 year
1.66%
INVESTOR RELATIONS
RESEARCH REPORTS
Tools / Resources
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