NZX Announcement
16 April 2026
LGFA Quarterly Funding Update to Investors and Revised FY26 Borrowing Programme – March 2026
Due to our high levels of liquidity and less than expected council borrowing in the nine-month period to 31 March 2026, we have reduced our forecast Borrowing Programme for the current 2025-26 Fiscal Year by $600 million to $4.25 billion.
We have undertaken NZ$2.14 billion equivalent of long dated funding for the nine-month period to 31 March 2026 and a further NZ$1.81 billion since 31 March 2026. To complete the FY26 Borrowing Programme, we expect to hold NZD bond tenders of NZ$150 million each in May and June 2026.
ENDS
Released on behalf of New Zealand 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