FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Fixed Rate - 5 to 30 years 10 year loan rate 3.02%
Variable Rate - up to 5 years
Variable Rate - up to 25 years*
Daily floating rate 2.14%
*see program details for further information
Money Market Fund - $10.000 / unit
Intermediate Fund - $9.7390 / unit
Bond Fund - $9.6982 / unit
CIBC HISA rate 1.96% (effective Jan 18/18)
Anticipated funding date for clients participating in our Spring Loan Issue #145 is Apr 23, 2018
New: 2018 MFA Tax Levy Payment will now be collected via Electronic Funds Transfer(EFT). Please complete this Tax Levy one-off EFT Form and email it to us by July 16, 2018. We will process the payments on August 1, 2018.
The MFA 2018 AGM and Financial Forum was held March 21/22. Slides from guest speaker presentations are available on our Governance page.
NEW: Fall 2018 Borrowing Opportunity: details and deadlines.
BCMFA Credit Ratings
Moody's: Aaa "Stable"
Fitch: AAA "Stable"
Standard & Poor's: AAA "Stable"
Short Term Ratings
Standard & Poor's: A-1+
Bond Rate - 10 year
Tools / Resources
Find status of loans, issue highlights, amortization schedules and historical rates.