Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term BorrowingFixed Rate - 5 to 30 year term

10 year loan rate 1.49%

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

September 25, 2020 rate 1.48125 %   

Historical rates

Equipment FinancingFixed Monthly Rate - up to 25 year term

September 2020 rate 1.48250 %

Historical rates

Pooled Investments

September 25, 2020 Daily Price

Money Market Fund / $10.0000 / unit

Govt. Focused Ultra-short Bond Fund / $9.6935 / unit

Short-term Bond Fund / $10.1495 / unit

Fossil Fuel Free Short-term Bond Fund / $ 10.1744 / unit

September 24, 2020 Yield to Maturity

Money Market Fund / 0.425 %

Govt. Focused Ultra-short Bond Fund / 0.284 %

Short-term Bond Fund / 0.869 %

Fossil Fuel Free Short-term Bond Fund / 0.801 %

Historical Yields and Prices

Pooled High Interest Savings Account

September 2020

CIBC .90%

September 2020

National Bank of Canada .82 %

 

 

What's New?

NEWS & PRESS RELEASES:

MFABC Successfully Completes $125M Bond Offering: 

Read the press release for details.
 

Members of the Authority Update: Virtual Semi-Annual Meeting

COVID-19 Response: 

March 2020 & April 2020  

MFA & GFOABC establish a Strategic Education Alliance

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 Jan. 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

1.35%

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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