New Zealand Local Government Funding Agency Limited (LGFA) rated AAA (stable) by S&P and AA+ (stable) by Fitch has mandated ANZ, CBA, UBS and Westpac as Joint Lead Managers for a potential 7-year A$ denominated transaction for the week commencing 20th November, subject to market conditions. Any potential A$ transaction is expected to be rated AA+ (S&P) and AA+ (Fitch).
LGFA undertook its debut 5-year A$1 billion bond in July 2023.