NZX Announcement
07 September 2023
LGFA fixed rate bond offers: Bookbuild update 2
2025 Bonds (maturing 15 April 2025)
NZX ticker code: LGF070
Bookbuild orders: As at 8:40am NZT in excess of NZ$265 million including NZ$65 million trading interest from the Joint Lead Managers).
Based on orders to date, New Zealand Local Government Funding Agency Limited (LGFA) has capped the issue size at NZ$250 million and intends to issue the capped amount.
Indicative Margin: The indicative Margin is unchanged at 0.16 per cent per annum.
Indicative Issuance Yield: 5.750 per cent per annum.
Closing Date: Bids due by 11:30 am NZT, 7 September 2023.
ISIN: NZLGFDT008C2
2030 Sustainable Financing Bonds (maturing 15 May 2030)
NZX ticker code: LGF170
Bookbuild orders: As at 8:40am NZT in excess of NZ$870 million (including NZ$220 million trading interest from the Joint Lead Managers).
Based on orders to date, LGFA has capped the issue size at NZ$500 million and intends to issue the capped amount.
Indicative Margin: The indicative Margin is revised to 0.69 per cent per annum.
Indicative Issuance Yield: 5.545 per cent per annum.
Closing Date: Bids due by 11:30 am NZT, 7 September 2023.
ISIN: NZLGFDT020C7
This bookbuild update relates to LGFA's offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, fixed rate bonds with the maturity dates and NZX ticker codes listed above (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market.
Full details of the Bond offers are contained in the Series Notices for the 2025 Bonds and 2030 Sustainable Financing Bonds which were attached to the launch announcement on 6 September 2023.
Joint Lead Managers
ANZ
Phone: 0800 269 476
BNZ
Phone: 0800 275 269
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