Indicative Financing Rates

Updated monthly. Last update: October 2017

The following interest rates are indicative of short-term floating and long-term fixed rates applicable to local government tax-exempt financing.  The Commercial Paper rate is reset approximately every 30 days.  The Bond Buyer Index represents a 20-year fixed rate.  VML/VACo Finance provides floating rate financing through its Commercial Paper program and fixed-rate financing through the Fixed Rate Loan Program.  VML/VACo Finance also offers Equipment Leasing.  The rates shown do not include applicable fees or costs of issuance.

This Month

Commercial Paper Rate                          Bond Buyer Index*

0.84%                3.63%

One Year Ago

Commercial Paper Rate                          Bond Buyer Index*

0.80%                3.20%

 * The 20-year Bond Buyer Index assumes a AA-rated, General Obligation pledge.