Fall 2017 Debenture Results
Fall 2017 Debenture Issue
On Tuesday October 24, 2017 the Nova Scotia Municipal Finance Corporation priced its spring debenture. Thirteen municipalities and three municipal enterprise participated in the issue which totaled $48,296,547. The debenture closed on November 9, 2017.
The "all -in" cost for the fall debenture issue was 2.98%.
The loans MFC provided to municipalities helped finance the following infrastructure investments:
|Series Pricing||"All-in" Costs|
|Maturity||Coupon Rate||Term||"All-in" Cost|
|9-Nov-25||2.8920%||The "all-in" cost is for|
|9-Nov-26||2.9900%||straight serial loans &|
|9-Nov-27||3.0730%||any final year "balloon".|