Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Financing

Long-Term

Fixed Rate - 5 to 30 years           10 year loan rate 2.49%

Short-Term

Variable rate - up to 5 years      Daily floating rate 1.37%

Equipment Financing

Variable rate - up to 25 years*    Daily floating rate 1.37%

* see program details for further information

Investing

Pooled Investments

Daily Price - September 26, 2016

Money Market Fund - 10.000

Intermediate Fund - 9.9941

Bond Fund - 10.0524

Municipal Investment Plan

Municipal employees and elected officials

What's New?

Change to Pooled Investment Funds:

Please see our Memorandum outlining record-keeping and valuation changes

MFA eliminates issue costs - In 2016, cash proceeds from long-term borrowing will now be 99% of the Gross Loan Request. There will be no deduction for issue costs

Tax Levy Rates for 2016 now available

New Actuarial Rate: For borrowers in participating in our Fall 2016 issue and future issues, the actuarial rate will be set at 3.0% memo.

Spring 2017 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

2.37%

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