News and market announcements

Phil Combes will retire as Chief Executive of the Local Government Funding Agency (LGFA) on 30 June 2014, after two and a half years in the role.

LGFA is pleased to announce a number of recent achievements that provide a strong platform for continued growth in 2013.

LGFA's Chief Executive, Mr Philip Combes welcomed the settlement this week of LGFA's sixth bond tender, which brought issuance to date past the $1 billion mark ($1.055 billion of bonds now have been issued).

New Manager, Credit and Client Relations, Andrew Michl, started 11 June at LGFA.

Neil Bain joined LGFA as Chief Financial Officer on 19 March 2012.

LGFA’s Chief Executive, Mr Phil Combes welcomes today’s tender results of LGFA’s inaugural bond Issue.

A NEW bond bank designed to cut council borrowing costs is confident it will arrange at least $1 billion of debt in its first year, after being given the same credit rating as the Government.