Clients

DIVERSIFY YOUR INVESTMENTS WITH MFA

As a local government, it is important to review your investment plan regularly to ensure you have a diversified portfolio by taking advantage of all investment options available to you in the Community Charter Section 183. MFA has a suite of investment products designed to meet the varying needs of BC’s local governments. Whether you need to maintain liquidity, are looking to diversify your portfolio, or are thinking of investing longer-term, MFA offers low-cost and professionally managed investments to support your goals.  Further information is available on the Client Portal. 

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term Borrowing Fixed Rate - 5 to 30 year term

10 year loan rate 4.04%

Short-Term Financing Floating Daily Rate - up to 5 year term

October 15, 2024 rate 4.77%   

Please login to the Client Portal to view current and historical Short-Term Financing Rates.

Equipment Financing Fixed Monthly Rate - up to 25 year term

Monthly rate 4.87%

Please login to the Client Portal to view current and historical Equipment Financing Rates.

Pooled Investments

Please login to the Client Portal to view daily prices and yields.

  • Money Market Fund 
  • Govt. Focused Ultra-short Bond Fund 
  • Short-term Bond Fund
  • Fossil Fuel Free Short-term Bond Fund 
  • Mortgage Fund 
  • Diversified Multi-asset Class Fund 
  • Fossil Fuel Free Diversified Multi-asset Class Fund 

Pooled High Interest Savings Account


Please login to the Client Portal to view current rates.

  • CIBC
  • National Bank of Canada
  • Scotiabank

 

 

What's New?

NEWS & UPDATES:

MFABC Bonds - New 10-Year Debenture

MFA, rated Aaa, AAA, AAA, the highest investment grade, priced $190 million new 10-year debenture this week. We are pleased to report that our new 3.75% December 3, 2024, dated debenture was received extremely well by investors inside and outside Canada showing the very strong interest in our credit.  The deal book reached more than C$625 million, about 3.3 times oversubscribed and was well distributed across 41 investors. 

Announcing the Sustaining Education Alliance

We are pleased to share the launch of this significant funding initiative in support of BC Local Government Education.

2024 TAX LEVY RATES 

Tax levy rates, payment forms and instructions are now available on the Tax Levy tab in the Client Portal. Administrators, please ensure that staff responsible for the collection and payment of the levy have access to the Client Portal.

2025 SPRING BORROWING OPPORTUNITY

Review the memo for full details. Please note the deadlines for RDs and RHDs.

LOCAL GOVERNMENT SECTOR DAY WEBINAR ON CYBERSECURITY

The session recording is now available here.

MFA'S REPORT ON RESPONSIBLE INVESTING & POOLED INVESTMENT FUNDS

Read the letter from our Client Services team here. Please email us at invest@mfa.bc.ca for more information.

INVESTMENT INSIGHTS

Read PH&N Institutional's Global Investment Outlook- Summer 2024.
 
Performing a material ESG risk analysis should be considered as essential as other conventional credit research. Read PH&N Institutional’s article.
 
 
 

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Investors

BCMFA Credit Ratings

  • Moody's 2024: Aaa 
  • Standard & Poor's 2024: AAA 
  • Fitch 2024: AAA

Short Term Ratings

  • Moody's: P-1
  • Standard & Poor's: A-1+

Bond Rate - 10 year

3.94%

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INVESTOR PRESENTATION

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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