Updated monthly. Last update: February 2018
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. The tax-exempt rates shown do not include applicable fees or costs of issuance.
VML/VACo Finance’s Commercial Paper Program provides access to short-term interest rates for local governments seeking interim financing, revenue anticipation loans, and longer-term floating rate loans. In addition, VML/VACo Finance assists local governments as an MSRB-registered Municipal Advisor in obtaining long-term financing through municipal bonds, state loan programs, bank loans, equipment leases, and its in-house, no closing cost Fixed Rate Loan Program.