Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing - Fixed Rate - 5 to 30 years

10 year loan rate 2.77%

Short-Term Financing - Floating Daily Rate - up to 5 years

Current rate 2.47750 

 Historical rates

Equipment Financing - Floating Daily Rate - up to 25 years

Current rate 2.47750%

Historical rates

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.7238 / unit

Bond Fund - $9.8218 / unit

Performance Results

Pooled High Interest Savings Account

CIBC 2.46% (effective Oct 25/18)

National Bank of Canada 2.52% (effective Oct 25/18)

 

What's New?

Tax Levy Payment:

For 2019, 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 15, 2019. The MFA will pull the funds from your accounts on August 1, 2019.

Fall 2019 Long-Term Borrowing Opportunity - Please see memo for details and deadlines.

Long-Term Debt Issue Proceeds Disbursement: RD & RHD Notice, Municipal Notice.

MFA Pooled High Interest Savings Accounts: National Bank of Canada 2.52%.; CIBC 2.46%.  See the program page or email us for more information.

Follow MFABC: MFABC @MunicipalFinance @MFAofBC

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

2.60%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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