Please find below the LGFA Quarterly Funding Update to Investors as at 31 December 2025.
Due to our high levels of liquidity and less than expected council borrowing in the six-month period to 31 December 2025, we have reduced our forecast borrowing programme for the current 2025-26 Fiscal Year by $300 million to $4.85 billion.
We have undertaken NZ$1.94 billion equivalent of long dated funding for the six-month period to 31 December 2025 and expect to undertake a mix of foreign currency and NZD bond issuance in the coming six-month period to 30 June 2026. We will next provide an issuance programme update within the next LGFA Quarterly Funding Update in early April 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