4 September 2023
NZX Announcement

New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making offers in relation to the following series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market:

a) 15 April 2025 bonds, NZX ticker code LGF070; and
b) 15 May 2030 sustainable financing bonds, NZX ticker code LGF170,

together, the 'Bonds', to institutional and New Zealand retail investors.

It is anticipated that full details will be released later this week, subject to market conditions. LGFA has decided to cancel the tender that was scheduled to occur on 6 September 2023.

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

LGFA Investor Intended Offer of Bonds - September 2023.pdf
LGFA Investor Intended Offer of Bonds - September 2023
3.78 MB

LGFA has appointed ANZ Bank New Zealand Limited, Bank of New Zealand, 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 any relevant offer(s) of the Bonds.

Investors can register their interest in the offers by contacting a Joint Lead Manager as detailed below, or their financial advice provider. 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 any Bonds, each 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.

Joint Lead Managers

Phone: 0800 269 476

Phone: 0800 275 269

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