| NZX Announcement 7 September 2023 New Zealand Local Government Funding Agency Limited (LGFA) today announced that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds (together, the 'Bonds') and confirmed the issue size and Margin for each offer of the Bonds. 2025 Bonds Maturity Date: 15 April 2025 Issue size: NZ$250 million Bookbuild orders: As at offer close, bookbuild orders in excess of NZ$295 million were received (including NZ$65 million trading interest from the Joint Lead Managers) Margin: 0.16% per annum Coupon/Interest Rate: 2.75% per annum 2030 Sustainable Financing Bonds Maturity Date: 15 May 2030 Issue size: NZ$500 million Bookbuild orders: As at offer close, bookbuild orders in excess of NZ$945 million were received (including NZ$220 million trading interest from the Joint Lead Managers) Margin: 0.69% per annum Coupon/Interest Rate: 4.50% per annum Other information The Issuance Yield and Issue/Settlement Price for each of the 2025 Bonds and 2030 Sustainable Financing Bonds will be announced shortly. All of the Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool. The Bonds are expected to be issued on 12 September 2023. The 2025 Bonds are a further tranche of 2025 bonds that are already quoted on the NZX Debt Market under the ticker code LGF070. The 2030 Sustainable Financing Bonds are a further tranche of 2030 sustainable financing bonds that are already quoted on the NZX Debt Market under the ticker code LGF170. 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 |