Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term BorrowingFixed Rate - 5 to 30 year term

10 year loan rate 1.57%

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

November 27, 2020 rate 1.21875 %   

Historical rates

Equipment FinancingFixed Monthly Rate - up to 25 year term

November 2020 rate 1.21875 %

Historical rates

Pooled Investments

November 26, 2020 Daily Price

Money Market Fund / $10.0000 / unit

Govt. Focused Ultra-short Bond Fund / $9.6559 / unit

Short-term Bond Fund / $10.1372 / unit

Fossil Fuel Free Short-term Bond Fund / $10.1587 / unit

Mortgage Fund / $10.1282 / unit

November 26, 2020 Yield to Maturity

Money Market Fund / 0.405 %

Govt. Focused Ultra-short Bond Fund / 0.268 %

Short-term Bond Fund / 0.777 %

Fossil Fuel Free Short-term Bond Fund / 0.706 %

Mortgage Fund / 2.231 %

Historical Yields and Prices

Pooled High Interest Savings Account

November 2020

CIBC .90%

November 2020

National Bank of Canada .82 %

 

 

What's New?

NEWS & PRESS RELEASES:

LOAN REQUEST & TRANSACTION DEADLINE:

All applications for new short-term and equipment financing loans must be submitted to finance@mfa.bc.ca by December 15, 2020 and all transaction requests must be submitted by December 21, 2020, to allow time for processing before year-end.

MFABC Successfully Completes $125M Bond Offering: 

Read the press release for details.

COVID-19 Response: 

MFA'S FOSSIL FUEL FREE INVESTMENT OPTIONS:

Please see memo for details.

Quarterly Investors' Forum Webinar: 

Next session runs from 9:30am - 10:30am on December 15, 2020. Register through GFOABC.

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.

Long-Term Debt Issue Proceeds Disbursement:

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Investors

2020 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

1.43%

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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