Clients

DIVERSIFY YOUR INVESTMENTS WITH MFA

As tax and requisition time coincides with peak cash holdings, it can be a good opportunity to revisit your investment plan for the upcoming year. Whether you are looking to maintain liquidity, to diversify your portfolio, or to invest in longer-term options, MFA offers low-cost and professionally managed investments to support your goals. Further information is available on the Client Portal. 

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing Fixed Rate - 5 to 30 year term

10 year loan rate 4.27%

Short-Term Financing Floating Daily Rate - up to 5 year term

December 1-7, 2023 rate 5.6200 %   

Please login to the Client Portal to view current and historical Short-Term Financing Rates.

Equipment Financing Fixed Monthly Rate - up to 25 year term

December 2023 rate 5.6300 %

Please login to the Client Portal to view current and historical Equipment Financing Rates.

Pooled Investments

Please login to the Client Portal to view daily prices and yields.

  • Money Market Fund 
  • Govt. Focused Ultra-short Bond Fund 
  • Short-term Bond Fund
  • Fossil Fuel Free Short-term Bond Fund 
  • Mortgage Fund 
  • Diversified Multi-asset Class Fund 

Pooled High Interest Savings Account


Please login to the Client Portal to view current rates.

  • CIBC
  • National Bank of Canada
  • Scotiabank

 

 

What's New?

NEWS & UPDATES:

Year-end Deadlines

Applications for new short-term and equipment financing loans that require funding before year-end must be submitted by December 13, 2023, and all transaction requests (drawdowns or paydowns) for 2023 must be submitted by December 20, 2023, to allow time for processing before year-end. If you have any questions, please email finance@mfa.bc.ca.

Spring 2024 Long-Term Borrowing Opportunity

Borrowing requests for the Spring 2024 long-term debt issue will be reviewed at MFA's AGM on March 27, 2024. All regional districts must submit any applications for Certificate(s) of Approval (C of A) on Security Issuing (SI) bylaws to the Ministry of Municipal Affairs (Ministry), no later than February 14, 2024. Read the full memo here.

Investing in a Rising Interest Rate Environment

Read the letter from our Client Services team here.

MFA'S REPORT ON ESG & POOLED INVESTMENT FUNDS

Please email us at invest@mfa.bc.ca for more information.

2024 Annual General Meeting

The 2024 Annual General Meeting of our Members will be held on Wednesday, March 27, 2024 at the Hotel Grand Pacific, Victoria, BC. 

SPONSORSHIP & COMMUNITY SUPPORT

Events or programs that meet our criteria to support professional development for BC local government staff and elected officials will be reviewed throughout the calendar year.

To make a request, please review the Request for Education Support or Request for Event Sponsorship criteria and provide details as they apply to your event via email. 

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Investors

BCMFA Credit Ratings

  • Moody's 2023: Aaa 
  • Standard & Poor's 2023: AAA 
  • Fitch 2023: AAA

Short Term Ratings

  • Moody's: P-1
  • Standard & Poor's: A-1+

Bond Rate - 10 year

4.17%

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INVESTOR PRESENTATION

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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