Viagra Malaysia treat erectile dysfunction with the original ED treatment that has helped men feel confident in bed for decades. We’ll connect you with a licensed healthcare provider to evaluate if viagra malaysia our prescription ED treatments could be right for you, including super-affordable generic Viagra viagramalaysiaofficial Viagra is an oral ED medication that works by suppressing an enzyme in the body called PDE5.

Follow Us! Like Our Page!

First Nations Finance Authority Issues 4th Debenture, rating upgrade to A2 from A3 by Moody’s Investors Service

First Nations Finance Authority Issues 4th Debenture, rating upgrade to A2 from A3 by Moody’s Investors Service

Westbank, British Columbia (October 19, 2017) The First Nations Finance Authority (FNFA) has issued its largest debenture (bond) to date at $126 Million. The demand for FNFA’s debenture exceeded supply as institutional investor orders for the bond totaled $278 Million, making the debenture over 2x oversubscribed. The bond carries a coupon of 3.05% was purchased by 19 institutional investors in the global financial markets. FNFA’s 4th such debenture since 2014, bringing the total debt issued by FNFA up to $377 million.

This 4th debenture will improve housing, infrastructure and economies on 19 First Nations across Canada. The bonds are backed by First Nations “Own Source Revenues” which are stable, predictable revenues self-generated by the First Nation government through revenue sharing agreements with municipal, provincial and federal governments, as well as lease contracts, royalties, rents, and business revenues.

“It has been 5 years since our first loan went out,” explains Ernie Daniels, President and CEO. “We have proven that our process is an effective solution to the challenges facing First Nations governments. The projects financed by this and our previous debentures create jobs and growth in and around First Nations communities. Our members, investors and staff continue to raise the bar and add immense value to the Canadian economy.”

228 First Nations across Canada have voluntarily opted into the First Nations Fiscal Management Act, signifying their desire to join the FNFA. To date, 72 First Nations from 7 provinces and 1 territory have completed FNFA’s steps-to-membership; the balance are working to complete these steps. Since FNFA’s first loan was issued in 2012 there has never been a late payment or a default on payment.

“It is very humbling to see how many First Nations are joining,” states FNFA Deputy Chair Chief Warren Tobobondung of Wasauksing First Nation, ON. “In many cases, the monies expended on projects in our communities circulate up to 5 times in the local economy. It is wonderful to be a part of the progress being made to improve the lives of First Nations people and helping them to close the gap on housing, infrastructure and economic development.”

The FNFA is a not-for-profit First Nation led institution established pursuant to the federal First Nations Fiscal Management Act, that provides any qualifying First Nation from across Canada with access to the capital markets. The First Nations govern the FNFA, as members elect from amongst themselves a Board of Directors. FNFA facilitates loans to Borrowing Members from the proceeds of bond issuances. These loans can have repayment terms up to 30 years and offer fixed-rate options to assist the member First

Nation’s budgeting needs. In order to fund member’s borrowing requirements prior to an expected bond issuance date, the FNFA also offers short-term loans at below Bank Prime. Short-term loans are rolled over into each new bond. As more First Nations qualify to become Borrowing Members, the FNFA will continue to grow and diversify, looking to strengthen its credit rating and consequently the financial benefits to its members and investors.

“First Nations can be thought of as an emerging market within a first-world economy,” explains Daniels. “There is still much work to be done on housing, clean water, infrastructure, renewable energy, as well as continued economic growth and diversification. The FNFA will continue its efforts to benefit all stakeholders and help First nations achieve the same quality of life as the rest of Canada.”

The Board of Directors, membership and staff of the FNFA looks forward to continuing its work with

First Nations governments from coast to coast to coast.

For More Info:

Ernie Daniels
President and CEO
First Nations Finance Authority
PH: (250) 768-5253
Fax: (250) 768-5258
[email protected]


“Moody’s upgrades FNFA’s ratings to A2, outlook revised to stable”–PR_373985?WT.mc_id=AM~RmluYW56ZW4ubmV0X1JTQl9SYXRpbmdzX05ld3NfTm9fVHJhbnNsYXRpb25z~20171017_PR_373985

 424 total views,  2 views today

NationTalk Partners & Sponsors Learn More