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Filter search resultsNew Zealand Government Commits to Extend LGFA Liquidity Facility
… is due to expire in December 2021 and the Minister of Finance has today announced the following “The LGFA plays … finance to the local government sector, with current loans of $10.7 billion to its sixty-seven member Councils. The … taking pressure off ratepayers. I am announcing, on behalf of the Crown, that I will extend the Crown liquidity facility …NewsLGFA fixed rate bond offers: Bookbuild update 1
… New Zealand retail investors the following existing series of unsecured, unsubordinated, fixed rate bonds with the … codes listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the Bond offers are contained in the Series Notices for …NewsLGFA launches fixed rate bond offer, cancels May tender
… unsubordinated, fixed rate bonds with a maturity date of 15 May 2031 (Bonds) to institutional and New Zealand … to be 2.25% per annum. The Issuance Yield will be the sum of the Margin and the Base Rate on the Rate Set Date. The … LGFA does not intend to offer any additional tranches of the Bonds until its August 2021 tender, currently …NewsLGFA fixed rate bond offers: Bookbuild update 2
… code: LGF120 Bookbuild orders: As at 8.30am NZT in excess of NZ$860 million within the prior revised indicative Margin … code: LGF140 Bookbuild orders: As at 8.30 am NZT in excess of NZ$1,269 million within the prior revised indicative … offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, …NewsNapier City Council Approved as a Climate Action Loan Borrower
… emissions by 63% by 2035, working towards a target of net zero by 2050. NCC have set out an approach to achieve … projects are designed and built with a focus of whole of life cycle impacts. Other initiatives include scoping …NewsGreater Wellington Regional Council approved for Climate Action Loans (CALs)
… a climate emergency, and has since developed a programme of climate action relating to corporate operations and … Each target is relative to the Council’s base year period of FY2018/19: GWRC has committed to achieve a net reduction in its total emissions (all Scopes/Categories) of 40% in FY2024/25; To be ‘carbon neutral’ (net-zero total …NewsPress Release: LGFA confirms Issue/Settlement Price, Coupon/Interest Rate and Issuance Yield
… announced today that it will issue NZ$ 1,000,000,000 of unsecured, unsubordinated, fixed rate bonds maturing 15 … Bonds has been set at 2.32% per annum, based on a Margin of 0.34% per annum as previously announced. The Issue/Settlement Price (which includes 151 days of accrued interest) has been determined (using the formula …NewsLGFA Quarterly Funding Update – September 2023
… by $300 million to $4.5 billion (excluding any issuance of Treasury Stock). This reflects the higher amount of council and CCO lending by LGFA in the September quarter of $1.22 billion and following on from June quarter council …NewsMedia Release: LGFA to introduce a soft cap of NZD1.5 billion per bond series
… LGFA to introduce a soft cap of NZD1.5 billion per bond series: New Zealand Local … (LGFA) has traditionally followed an issuance strategy of matching similar New Zealand Government Bonds (NZGB) … NZD1 billion per LGFA bond series. Following a review of its issuance strategy, LGFA has decided to impose a soft …NewsBest Practices in Council Financial Management
… New Zealand Local Government sector with almost 90% share of sector lending to sixty-four councils with loans outstanding to the sector as at 30 June 2019 of $9.3 billion. LGFA undertakes an ongoing review of each individual council borrowers’ financial position and …NewsLGFA Quarterly Funding Update – December 2022
… a Bond Issuance Programme Update when we release our Draft Statement of Intent by the end of February 2023. ENDS Released on behalf …NewsLGFA sustainable financing bond offer closes
… following the successful bookbuild process for its offer of the following unsecured, unsubordinated fixed rate … As at offer close at 1pm NZT, bookbuild orders in excess of NZ$1,620 million at the Margin of 0.61% per annum were received (including NZ$100 million of …NewsFitch Revise LGFA Long Term Foreign Currency Outlook
… Long-Term Foreign-Currency Issuer Default Rating (IDR) of “AA” to Positive from Stable. Following the change to … have today placed the “AA” Long Term Foreign Currency IDR of LGFA on Positive Outlook. This reflects the strong credit … There is no change to the Long-Term Local-Currency IDR of “AA+” with Stable Outlook for either the New Zealand …NewsLGFA Quarterly Investor Update
… at $3.0 billion. Given that LGFA has issued $2.3 billion of LGFA bonds in the nine month period to 31 March 2021, it … June quarter but may take the opportunity to prefund part of the 2021-22 requirement if market conditions are suitable. … 2024 financial years were announced to the market as part of the Draft SOI on 27 February 2021 and will be updated in …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… announced today that it will issue: a) NZ$800 million of unsecured, unsubordinated, fixed rate bonds maturing 15 May 2028 (2028 Bonds); and b) NZ$500 million of unsecured, unsubordinated, fixed rate bonds maturing 15 … Bonds has been set at 2.359% per annum, based on a Margin of 0.25% per annum as previously announced. The …NewsNew Zealand Government extends and upsizes the Crown Liquidity Facility with LGFA
… the Crown Liquidity Facility with LGFA The Minister of Finance and LGFA have today signed an amendment to the Crown Liquidity Facility that extends the term of the facility to 31 December 2031 (from 31 December 2021) and increases the size of the facility to NZD1.5 billion (from NZD1 billion). The …NewsIncrease and extension to the Crown Liquidity Facility
… NZX Announcement 31 October 2025 The Minister of Finance has today announced the completion of an increase and extension of the term to the Crown Liquidity Facility for LGFA. The …NewsFitch Upgrade LGFA Long Term Foreign-Currency Rating to AA+
… Long-Term Foreign-Currency Issuer Default Rating (IDR) of “AA” to Positive from Stable. Fitch have revised the … the Fitch methodology the LGFA IDR is equalized to that of the New Zealand Government. There is no change to the Long-Term Local-Currency IDR of “AA+” with Stable Outlook. A copy of the Fitch report is …NewsLGFA Credit Ratings affirmed by Fitch Ratings at AA+ (Outlook Stable)
… the agency’s key policy role in providing the majority of local government financing. LGFA’s ratings are equalised … also reflects the strong underlying credit quality of LGFA's council shareholders and borrowers, the majority of which guarantee LGFA's debt obligations.” A copy of the …NewsAnnouncement of LGFA Bond Tender 123
… NZX Announcement 29 September 2025 ANNOUNCEMENT OF LGFA BOND TENDER 123 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 123: Tender date: 01 October 2025 Bids open on … April 2029 Coupon: 1.50% Amount Offered: NZD 100,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA) …NewsLGFA Statement of Intent 2019-2020
… June 2019 The LGFA is pleased to release the 2019-2020 Statement of Intent , required under the Local Government Act 2002 for … LGFA Statement of Intent 2019-2020 …NewsLGFA sustainable financing bond offer close
… and confirmed the issue size and Margin for the offer of the Sustainable Financing Bonds. Sustainable Financing … orders: As at offer close, bookbuild orders in excess of NZ$1,080 million at the Margin of 0.91% per annum were received (including NZ$150 million of …NewsPress Release: LGFA contemplating issuing a new April 2025 bond in upcoming 15 June 2016 LGFA bond tender
… Funding Agency (LGFA) is contemplating the issuance of a new 15 April 2025 bond (2025 Bond) in the next LGFA bond … on Monday 13th June 2016 via the standard announcement of tender details that is made two days prior to a tender. A … Bond will constitute direct, unsecured debt obligations of LGFA. Further information in relation to the 2025 Bond …NewsLGFA fixed rate sustainable financing bond offer closes
… and confirmed the issue size and Margin for the offer of the Sustainable Financing Bonds. Sustainable Financing … orders: As at offer close, bookbuild orders in excess of NZ$2.8 billion at the Margin of 0.75% per annum were received (including NZ$150 million of …NewsIncrease in LGFA Treasury Stock
… Agency Limited (LGFA) has decided to increase the amount of bonds issued by LGFA (Bonds) that may be held as Treasury Stock. For each series of Bonds, LGFA will increase its holding by $50 million, from … increase for each series will occur the next time Bonds of that series are issued via a bond tender or syndication. …NewsLGFA fixed rate bond offer closes
… following the successful bookbuild process for its offer of unsecured, unsubordinated, fixed rate bonds with a maturity date of 20 April 2029 (Bonds), it has set the issue size at NZ$500,000,000. This includes over-subscriptions of NZ$150,000,000. The Margin for the Bonds has been set at …NewsPress Release: LGFA fixed rate bond offer: Bookbuild update 1
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … is set out below. Bookbuild orders As at 5pm NZT in excess of NZ$650,000,000 (including NZ$50,000,000 of Bonds reserved …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… Limited announced today that it will issue NZ$500,000,000 of unsecured, unsubordinated, fixed rate bonds maturing 20 … Bonds has been set at 1.687% per annum, based on a Margin of 0.48% per annum as previously announced. The Issue/Settlement Price (which includes 128 days of accrued interest) has been determined (using the formula …NewsAnnouncement of LGFA Bond Tender 76
… NZX Announcement 10 November 2020 ANNOUNCEMENT OF LGFA BOND TENDER 76 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 76: Tender date: 12 November 2020 Bids open on … April 2025 Coupon: 2.75% Amount Offered: NZD 110,000,000 (of which NZD 50,000,000 is reserved for subscription by LGFA) …NewsPress Release: LGFA fixed rate bond offer: Bookbuild update 2
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … set out below. Bookbuild orders As at 10am NZT in excess of NZ$900,000,000 (including NZ$50,000,000 of Bonds reserved …NewsLGFA approves third GSS Loan to Tauranga City Council
… security a secondary bund will be built at the rear of Tauranga’s reserve area adjacent to the railway line to protect the high value building assets of the CBD, without impacting the visual amenity of the reserve. The location and simple form of the rear bund …NewsPress Release: Highlighting Recent Achievements December 2012
… LGFA is pleased to announce a number of recent achievements that provide a strong platform for … Whakatane District Council This brings the total number of shareholders in LGFA to 31, comprising 30 participating … Zealand Government. It is also pleasing to note that eight of these new shareholders borrowed from us at our final bond …News