Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term BorrowingFixed Rate - 5 to 30 year term

10 year loan rate 2.29%

Short-Term FinancingFloating Daily Rate - up to 5 year term

April 1, 2020 rate 1.8475  

Historical rates

Equipment FinancingFixed Monthly Rate - up to 25 year term

April 2020 rate 1.8825 %

Historical rates

Pooled Investments

March 31, 2020 Daily Price

Money Market Fund / $10.0000 / unit

Intermediate Fund / $9.6764 / unit

Bond Fund / $9.8458 / unit

 

March 31, 2020 Daily Annualized Yield

Money Market Fund / 1.786 %

Intermediate Fund / 1.759 %

Bond Fund / 1.813 %

 

Historical Yields and Prices

Pooled High Interest Savings Account

March 30, 2020

CIBC .90%

March 31, 2020 

National Bank of Canada .82 %

 

 

What's New?

TAX LEVY PAYMENT:
For 2020, the MFA will be collecting the Tax Levy payments via Electronic Funds Transfer. Please complete this Tax Levy one-off EFT Form and send it to mfa@mfa.bc.ca by July 31, 2020. The MFA will pull the funds from your bank account on August 4, 2020.

LONG TERM FINANCING - INVOICING PROCEDURE CHANGE

Effective March 12, 2020. Please see memo for details.

POOLED INVESTMENT FUNDS - NEW PROCESSES

Effective January 6, 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:

MFA & GFOABC establish a Strategic Education Alliance

We are pleased to announce an expansion of support to our longstanding education partners at GFOABC.
 

EVENT CANCELLED: AGM & FINANCIAL FORUM MARCH 25-26, 2020

 
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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

2.15%

 

 

 

 

 

 

 

 

 
 
 
 
 

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