Spring 2017 Debenture Results

Spring 2017 Debenture Issue

On Tuesday April 18, 2017 the Nova Scotia Municipal Finance Corporation priced its spring debenture. Eleven municipalities and one municipal enterprise participated in the issue which totaled $35,122,884. The debenture closed on May 9, 2017. The loans MFC provided to municipalities helped finance the following infrastructure investments:

Spring 2017 Graph

The interest rates for this debenture issue are:

Series Pricing   "All-in" Costs
Maturity Coupon Rate   Term "All-in" Cost
09-May-18 1.2000%     5 years 1.83%
09-May-19 1.3500%   10 years 2.32%
09-May-20 1.4750%   15 years 2.73%
09-May-21 1.6550%   20 years 2.93%
09-May-22 1.8600%   25 years 3.03%
09-May-24 2.2370%   Total 2.82%
09-May-25 2.3840%   The "All-in" cost is for straight serial loans
09-May-26 2.5240%    & any final year "balloom".
09-May-27 2.6530%    
09-May-28        2.8020%      
09-May-29        2.9420%      
09-May-30 3.0240%      
09-May-31 3.1090%      
09-May-32 3.2090%