05 May 2021
NZX Announcement

LGFA considers bond offer and releases investor presentation

New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 May 2031 (Bonds) to institutional and New Zealand retail investors.

LGFA will hold a global investor conference call at 3.00pm NZT on 6 May 2021 and a second global investor conference call for the United Kingdom and European markets at 9:00pm NZT on 6 May 2021. Details are outlined below.

Attached to this announcement is a copy of an investor presentation in relation to the potential offer.

It is expected that full details of the offer of the Bonds will be released next week, when the offer is expected to open.

If LGFA decides to proceed with the offer, LGFA intends to cancel the proposed tender that is scheduled to occur on 12 May 2021.

LGFA has appointed Bank of New Zealand as the Arranger and a Joint Lead Manager and ANZ Bank New Zealand Limited, Commonwealth Bank of Australia (ABN 48 123 123 124) (acting through its New Zealand branch) and Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) as Joint Lead Managers in relation to the Bond offer.

Investors can register their interest in the offer by contacting a Joint Lead Manager as detailed below, or their financial advisor. Indications of interest will not constitute an obligation or commitment of any kind.

No money is currently being sought and applications for the Bonds cannot currently be made. If LGFA offers the Bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The Bonds are expected to be quoted on the NZX Debt Market.

LGFA Investor Conference Call 1

Thursday 6 May 2021

New Zealand 0800 444 845 3.00pm
Australia +61 283733507 1.00pm (AEST)
Singapore +65 31580666 11.00am
Hong Kong +852 30082033 11.00am
Japan +81 363271460 12.00pm
International +61 283733550
Passcode 7745118

LGFA Investor Conference Call 2

Thursday 6 May 2021 (9.00pm NZT)

United Kingdom 0800 056 9635 10.00am
France +33 170950564 11.00am
Germany +49 6925739843 11.00am
Spain +34 935452850 11.00am
International +61 283733550
Passcode 5989126

Arranger and Joint Lead Manager

Phone: 0800 284 017

Joint Lead Managers

Phone: 0800 269 476

Phone: 0800 272 266

Westpac Banking Corporation
Phone: 0800 772 142


For all investor relations and media queries, please contact:

Mark Butcher, Chief Executive
mark.butcher@lgfa.co.nz / 04 974 6744