Clients
FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Long-Term Borrowing Fixed Rate - 5 to 30 year term
10 year loan rate 1.81%
Short-Term Financing Floating Daily Rate - up to 5 year term
March 1, 2021 rate 0.90000 %
Equipment Financing Fixed Monthly Rate - up to 25 year term
March 2021 rate 0.90000 %
Pooled Investments
February 26, 2021 Daily Price
Money Market Fund / $10.0000 / unit
Govt. Focused Ultra-short Bond Fund / $9.5714 / unit
Short-term Bond Fund / $10.0358 / unit
Fossil Fuel Free Short-term Bond Fund / $10.0133 / unit
Mortgage Fund / $9.9920 / unit
February 26, 2021 Yield to Maturity
Money Market Fund / 0.309 %
Govt. Focused Ultra-short Bond Fund / 0.326 %
Short-term Bond Fund / 0.887 %
Fossil Fuel Free Short-term Bond Fund / 0.825 %
Mortgage Fund / 2.378 %
Pooled High Interest Savings Account
For current rates, please log onto the secure client site or email invest@mfa.bc.ca.
CIBC
National Bank of Canada
Scotiabank
What's New?
NEWS & UPDATES:
NEW: Scotiabank Pooled High Interest Savings Account
MFA is pleased to announce a third PHISA offering through Scotiabank. For rates and more information please email invest@mfa.bc.ca.
Quarterly Investment & 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. Please register by RSVP to mfa@mfa.bc.ca. Read this memo for details.
Government Focused Ultra-short Bond Fund
Effective February 1, 2021 there will be a temporary 50% reduction in Management Fees. Please log onto the secure client site for further information.
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.
COVID-19 Response:
Follow MFABC
Investors
2020 BCMFA Credit Ratings
-
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
-
Standard & Poor's: A-1+
Bond Rate - 10 year
1.68%
INVESTOR RELATIONS
RESEARCH REPORTS
Tools / Resources
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