West Bank, British Columbia, April 16, 2024 /CNW/ – First Nations Financial Agency (FNFA) bonds undergo a sector allocation change from the Municipal Index to the Federal Agency Index within the FTSE Canada Bond Index. May 13, 2024after review by FTSE Russell.
FTSE Russell operates a comprehensive fixed income business. Canada We support the market ecosystem through the provision of benchmark indices, last-day fixed income pricing services, and robust risk and performance analysis. FTSE Canada Bond Indexes cover numerous asset categories and liability types in the Canadian market with more than 600 indexes across more than 20 index series, including the flagship FTSE Canada Universe Bond Index. The majority of domestic investment funds track the FTSE Canada Universe Bond Index or one of its subcomponents as part of their investment mandate.
“This sector reallocation is an assessment of FNFA's creditworthiness relative to its peers,” he said. steve barna, FNFA Chief Operating Officer. “This recognition is a testament to the success of co-borrowing, made possible thanks to the partnership between FNFA and our 169 members.”
There are currently four bonds (1.73 billion Canadian dollars Bonds issued by FNFA are included in the FTSE Canada Universe Bond Index.
“This announcement raises our profile and proves why it is advantageous for the federal government to strengthen its partnership with FNFA and renew its commitment to the growth and success of Indigenous economic settlements. ” he said. Ernie DanielsCEO and President of FNFA.
Since its inception, FNFA has successfully launched short-term and long-term financing programs, received multiple rating upgrades, expanded its staff size dramatically, and most importantly, is no longer dependent on external funding. We are now self-sufficient.
For more information about FNFA's new divisional assignments and/or how this will affect your membership, please visit fnfa.ca or call 250-768-5253.
About the First Nations Financial Authority (FNFA)
FNFA is a nonprofit organization that provides financing, investment, and advisory services to self-scheduling First Nations governments. Indigenous Financial Management Act (Act)). The FNFA received Royal Assent based on: activity In 2005.
Source: First Country Financial Authority
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/16/c3154.html
