NZX Announcement
11 January 2022
Please find attached the LGFA Quarterly Update to Investors.
Note that we have increased our projected borrowing requirement for the 2021-22 financial year by NZ$200 million to NZ$3.1 billion following an upward revision to forecast council borrowing.
In the six month period to 31 December 2021, LGFA has borrowed NZ$2.055 billion so expects to borrow a further NZ$1.045 billion in the six month period to 30 June 2022.
ENDS
Released on behalf of NZ Local Government Funding Agency Limited by Mark Butcher, Chief Executive.
Telephone +64 4 974 6744
Email mark.butcher@lgfa.co.nz
Website lgfa.co.nz