LGFA contemplating issuing a new April 2027 bond in upcoming 11th March 2015 LGFA bond tender.
New Zealand Local Government Funding Agency (LGFA) is contemplating the issuance of a new 15 April 2027 bond (2027 Bond) in the next LGFA bond tender scheduled for Wednesday 11th March 2015. Formal confirmation will be given on Monday 9th March 2015 via the standard announcement of tender details that is made two days prior to a tender.
A new 2027 Bond will allow LGFA to provide long dated funding to New Zealand councils to better match their long dated assets. The 2027 Bond will constitute direct, unsecured debt obligations of LGFA.
Further information in relation to the 2027 Bond will be set out in the series notice for the 2027 Bond, which is expected to be released on Monday 9th March 2015 as part of the standard announcement of tender details. The series notice should be read together with LGFA's investment statement which is available at: www.lgfa.co.nz.
For further information on LGFA visit the website www.lgfa.co.nz or contact:
Mark Butcher, Chief Executive
Telephone 021 223 6573