NZX Announcement
01 April 2026
New Zealand Local Government Funding Agency Limited (LGFA) announced today that it will issue NZ$850 million of unsecured, unsubordinated, fixed rate sustainable financing bonds maturing 15 May 2034 (Sustainable Financing Bonds), with the details listed below.
Issue size:
NZ$850 million
Coupon/Interest Rate:
4.75% per annum
Issuance Yield:
4.936% per annum, based on a Margin of 0.75% per annum
Issue/Settlement Price:
NZ$1.00654956 per bond as determined using the formula in the Series Notice
Other Information
All of the Sustainable Financing Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool.
The Sustainable Financing Bonds are expected to be issued on 8 April 2026. The Sustainable Financing Bonds are expected to be quoted on the NZX Debt Market on 9 April 2026 under the ticker code LGF190.
Joint Lead Managers
ANZ
Phone: 0800 269 476
BNZ
Phone: 09 375 1391
CBA
Phone: 0800 272 266
Westpac Banking Corporation
Phone: 0800 772 142
ENDS
For all investor relations and media queries, please contact:
Mark Butcher, Chief Executive
mark.butcher@lgfa.co.nz / 04 974 6744