Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing

Fixed Rate - 5 to 30 years           10 year loan rate 3.02%

Short-Term Financing

Variable Rate - up to 5 years     

Daily floating rate 2.14%
Historical rates

Equipment Financing

Variable Rate - up to 25 years*   

Daily floating rate 2.14%  
*see program details for further information
Historical rates
 

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.7390 / unit

Bond Fund - $9.6982 / unit

Performance Results

Pooled High Interest Savings Account

CIBC HISA rate 1.96% (effective Jan 18/18)

 

 

What's New?

NEW: Spring Loan Issue:

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.

Pooled High Interest Savings Account now available: Current rate of return is 1.96%.  See the program page or email us for more information.

Change in Issue Proceeds disbursement process: RD & RHD notice, Municipal notice.

NEW: Fall 2018 Borrowing Opportunity: details and deadlines.

Follow MFABC: MFABC @MunicipalFinance @MFABC1970

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

2.95%

 
 

 

 

 

 

 

 

 

 
 
 
 
 

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