FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Fixed Rate - 5 to 30 years 10 year loan rate 3.10%
Variable Rate - up to 5 years
Variable Rate - up to 25 years*
Daily floating rate 2.33125%
*see program details for further information
Money Market Fund - $10.000 / unit
Intermediate Fund - $9.6926 / unit
Bond Fund - $9.6669 / unit
CIBC HISA rate 2.21% (effective Jul 12/18)
National Bank of Canada HISA rate 2.27% (effective Jul 12/18)
NEW: Vehicles formerly leased through MFA Leasing Corp, must now be insured/registered in your organization's name. Check your records as the MFA Leasing Corp. is closing.
NEW: Excellence in Local Government is a collaborative effort by the organizations that support BC Local Governments to provide an overview of their mandates and services.
Fall 2018 Long-term Borrowing deadline has passed - Spring 2019 deadline to be announced.
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.