https://www.canada.ca/en/indigenous-services-canada/news/2018/10/government-of-canada-congratulates-the-first-nations-finance-authority-on-fifth-debenture-issuance.html
Government of Canada Congratulates the First Nations Finance Authority on Fifth Debenture Issuance
From: Indigenous Services Canada
News release
October 5, 2018 - Ottawa, ONTARIO - Indigenous Services Canada
The success of the First Nations Fiscal Management Act and the First Nations Finance Authority contributes to new economic opportunities for Indigenous peoples and supports growth in the Canadian economy.
Today, the Honourable Jane Philpott, Minister of Indigenous Services, congratulated the First Nations Finance Authority on their fifth debenture issuance on the financial markets. This latest issuance adds an additional $138 million to the FNFA’s debentures, bringing the total to $514 million available to participating First Nation governments to secure loans for infrastructure development and economic growth.
This milestone is a concrete example of what can be achieved through self-determination and First Nations asserting jurisdiction over the socio-economic development of their communities.
The First Nations Finance Authority issued its inaugural bond in June 2014 for $90 million, added $50 million in July 2015m $110 million in May 2016, $126 million in October 2017 and $138 million in September 2018, for a total of $514 million.
With this issuance, 43 First Nations are now benefitting from the authority’s bond.
