NZX Announcement
02 October 2024
LGFA confirms Issue Price, Interest Rate and Issuance Yield
2 October 2024
New Zealand Local Government Funding Agency Limited (LGFA) announced today that it will issue NZ$800 million of unsecured, unsubordinated, fixed rate sustainable financing bonds maturing 14 May 2032 (Sustainable Financing Bonds), with the details listed below.
Issue size: NZ$800 million
Coupon/Interest Rate: 4.50% per annum
Issuance Yield: 4.581% per annum, based on a Margin of 0.91% per annum
Issue/Settlement Price: NZ$1.01266006 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 7 October 2024. The Sustainable Financing Bonds are expected to be quoted on the NZX Debt Market on 8 October 2024 under the ticker code LGF180.
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