The Municipal Finance Authority of British Columbia (MFABC), established in 1976 and based in Victoria, BC, serves as a funding authority for municipalities and regional districts across the province. Its primary purpose is to facilitate access to affordable financing for local governments, enabling them to undertake essential infrastructure projects. The MFABC offers a range of financial products, including short-term and long-term borrowing options, as well as investment services to support municipal finance needs.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
MFABC initiated its bond issuance program in 1977, providing critical funding for local government projects. Notable bond issuances include the groundbreaking 2020 Green Bond, aimed at funding environmentally-friendly initiatives, which showcased a growing emphasis on sustainability within municipal investments. The authority's bonds typically offer competitive yields, often outperforming industry averages, and feature unique options such as dedicated funding for specific community projects. Recent bond issues reflect strong demand and robust investor interest, highlighting the MFABC's role in facilitating community development across British Columbia.