Press Release: LGFA fixed rate bond offer closes

New Zealand Local Government Funding Agency Limited (LGFA) today announced that following the successful bookbuild process for its offer of unsecured, unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds), it has set the issue size at NZ$1,000,000,000.   

The Margin for the Bonds has been set at 0.34% per annum.  

The Issuance Yield, Coupon/Interest Rate and Issue/Settlement Price will be announced shortly.

All of the Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool.

The Bonds are expected to be issued on 15 March 2019.  The Bonds are expected to be quoted on the NZX Debt Market on 18 March 2019 under the ticker code LGF100.

Joint Lead Managers

Bank of New Zealand

Phone: 0800 284 017                                                     

Westpac Banking Corporation

Phone: 0800 942 822


For all investor relations and media queries, please contact:

Mark Butcher, Chief Executive / 04 974 6744



12 Mar 2019