LGFA to introduce a soft cap of NZD1.5 billion per bond series:
New Zealand Local Government Funding Agency (LGFA) has traditionally followed an issuance strategy of matching similar New Zealand Government Bonds (NZGB) maturities and targeted at least NZD1 billion per LGFA bond series.
Following a review of its issuance strategy, LGFA has decided to impose a soft cap of NZD1.5billion on each LGFA bond series.
For further information on LGFA visit the website www.lgfa.co.nz or contact:
Mark Butcher, Chief Executive
Telephone 04 974 6744