Clients
FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Long-Term BorrowingFixed Rate - 5 to 30 years
10 year loan rate 2.51%
Short-Term FinancingFloating Daily Rate | up to 5 years
Current rate 2.46000 %
Equipment FinancingFloating Daily Rate - up to 25 years
Current rate 2.46000 %
Pooled Investments
Money Market Fund | $10.000 / unit
Intermediate Fund | $9.6936 / unit
Bond Fund | $9.7910 / unit
Money Market Fund | 1.884 %
Intermediate Fund | 1.871 %
Bond Fund | 1.925 %
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 between Dec. 23 and Dec. 31. New loan applications that require funding prior to year-end, must be submitted by Dec. 13 and funding/paydown requests that require processing prior to year-end must be submitted by Dec. 20, to allow time for processing.
Spring 2020 Long-Term Borrowing Opportunity & Notice of Actuarial Reduction:
Please see memo for details and deadlines.
Long-Term Debt Issue Proceeds Disbursement:
AGM & FINANCIAL FORUM: MARCH 25-26, 2020
Hosted at Hotel Grand Pacific, Victoria BC. Event details.
Follow MFABC
Investors
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
2.32%
Investor Relations
Tools / Resources
Find status of loans, issue highlights, amortization schedules and historical rates.
Forms
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