Guarantee arrangements

LGFA's debt obligations are guaranteed by its council shareholders and borrower and guarantor councils.

  • Other than the New Zealand Government, each shareholder in LGFA must be a Guarantor.
  • Any non-shareholder council that borrows in aggregate NZ$20 million or more from LGFA must be a Guarantor.
  • Any council shareholder of a Council Controlled Organisaton who borrows from LGFA

Parties to the guarantee will be able to exit the arrangement but only after:

  • All the exiting council’s borrowings are repaid.
  • All the LGFA’s borrowings, current at the time the council notifies of its withdrawal from the guarantee, are repaid.
4126824 EXECUTED - LGFA - Amendment and Restatement Deed to GI - CCO Restructure Amendments - v1.pdf
Guarantee and Indemnity Document
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PDF
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14.57 MB
Security Trust Deed.pdf
Security Trust Deed
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PDF
Filesize
705.11 KB
List of LGFA Guarantors CURRENT.pdf
List of LGFA Guarantors
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PDF
Filesize
133.23 KB
Disclaimer

Terms of Use of NZ Local Government Funding Agency Website

Due to legal restrictions, use of the following website pages is subject to acceptance by you on behalf of yourself and any other person who you allow to access this website during this internet session (whether or not that person has your permission to do so) ("other user") of the following terms:

The material on this web page and the web pages accessed through this web page (together, the "Website") is for distribution only to persons in New Zealand and to other persons to whom distribution of the Website is permitted by all applicable laws, regulations, directives and any listing rules of any applicable stock exchange (together, "applicable laws").  Each person accessing this Website confirms that they are, and that any other user is, a person who is entitled to do so under all applicable laws.

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If New Zealand Local Government Funding Agency Limited ("NZLGFA") makes an offer of securities, it will be made solely on the basis of the relevant series notice applicable at that time and subject to the sales restrictions contained therein.  No offering material in respect of any securities may be published, delivered or distributed in or from any country or jurisdiction except under circumstances which will result in compliance with all applicable laws. 

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