188 Results
Filter search results2022 Taituarā Local Government Excellence Awards winners
… Kaitaia Business Association, the five iwi of Far North’s Te Hiku region and the wider community was announced as the … in, and enhance the vibrancy of, three of New Zealand’s most deprived areas. Some 81 urban development, restoration … is also the winner of the Minister of Local Government’s Award for Council/Community Relations . The Judges said …NewsPress Release: LGFA Inaugural Bond Issue
… LGFA’s Chief Executive, Mr Phil Combes welcomes today’s tender results of LGFA’s inaugural bond Issue. “This is an important milestone in …NewsLGFA Credit Ratings affirmed by Fitch Ratings at AA+ (Outlook Stable)
… Rating Criteria recognises the New Zealand government’s (AA+/Stable) significant responsibility and incentives to support LGFA’s debt servicing, given the agency’s key policy role in providing the majority of local …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA (Stable Outlook) with Improved Stand-Alone Credit Profile
… 09 September 2024 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA (STABLE OUTLOOK) WITH IMPROVED STAND-ALONE CREDIT PROFILE. On 9 September 2024, S&P Global Ratings (“S&P”) affirmed their long-term ratings on New Zealand Local …NewsPress Release: Retirement of Chief Executive
… Executive of the Local Government Funding Agency (LGFA) on 30 June 2014, after two and a half years in the role. He has … of helping to build LGFA from scratch, as the country’s first and only semi-government issuer. Phil has described … the cost of debt to its council borrowers by at least 30 basis points, and deepening the capital pool and improving …NewsLGFA considers bond offers
… It is anticipated that full details of any relevant offer(s) will be released next week, when the relevant offer(s) are expected to open. If LGFA decides to proceed with any relevant offer(s), LGFA will cancel the proposed tender that is scheduled to …NewsLGFA considers bond offers
… It is anticipated that full details of any relevant offer(s) will be released tomorrow, when the relevant offer(s) are expected to open. If LGFA decides to proceed with any relevant offer(s), LGFA will cancel the proposed tender that is scheduled to …NewsPress Release: LGFA Credit Rating Affirmed by Standard and Poors' with positive outlook
… On 31 January 2019, Standard and Poor's (S&P) placed the New Zealand Government issuer credit rating … the change to the New Zealand Government outlook, S&P have today placed the issuer credit ratings of LGFA on …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA
… Announcement 18 March 2025 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 18 March 2025, S&P Global Ratings affirmed their long-term ratings on New … ratings have a stable outlook. This reflects the view by S&P Global Ratings that LGFA has a dominant market position …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings at AA+/AAA
… Announcement 02 March 2023 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 02 March 2023, S&P Global Ratings affirmed their long-term ratings on New … ratings have a stable outlook. This reflects the view by S&P Global Ratings that there is an extremely high likelihood …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings at AA+/AAA
… Announcement 3 March 2022 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 3 March 2022, S&P Global Ratings affirmed their long-term ratings on New … ratings have a stable outlook. This reflects the view by S&P Global Ratings that there is an extremely high likelihood …NewsLGFA Credit Rating Affirmed by S&P Global Ratings
… NZX Announcement 28 February 2020 On 27 February 2020, S&P Global Ratings affirmed the LGFA Local Currency rating of … of "AA/A-1+" and both ratings remain on positive outlook. S&P Global Ratings note that “the ratings on LGFA are underpinned by new Zealand’s excellent institutional settings and wealth economy, as …NewsPress Release: LGFA Credit Rating Affirmed by Standard and Poors' at 'AA+/A-1+'
… CRITERIA OBSERVATION On 23 May 2018 Standard and Poor's (S&P) published its new methodology for rating non-US … to public sector entities in their domicile country. S&P placed the short and long-term credit ratings of ten …NewsPress Release: Fitch Rating Action Commentary - 08 November 2018
… Fitch's Rating Action Commentary (RAC) has been released, New … New Zealand Local Government Funding Agency Limited's (LGFA) senior unsecured local-currency bonds at 'AA+' and … Stable. Fitch has today affirmed Fitch equalises LGFA’s ratings with those of the New Zealand sovereign …NewsLGFA credit ratings affirmed by Fitch Ratings at AA/AA+
… Rating Criteria. This reflects their appraisal of LGFA's 'Very Strong' legal status, control and oversight, 'Strong' … potential default. Consequently, Fitch has equalised LGFA's ratings with those of the New Zealand sovereign … by 53 local councils covering the majority of the country's population. Fitch note that the affirmation also takes into …NewsLGFA credit ratings affirmed by Fitch Ratings at AA/AA+ with Outlook Positive/Stable
… Rating Criteria. This reflects their appraisal of LGFA's 'Very Strong' status regarding ownership and control, … a potential default. Consequently Fitch has equalised LGFA's ratings with those of the New Zealand sovereign … for the New Zealand local government sector and, as of 30 October 2020, it was guaranteed by 58 local councils …NewsProposed Change to LGFA Foundation Policy Convenant
… or higher. The proposed changes have been discussed with S&P Global Ratings Australia Pty Limited, Fitch Australia Pty … changes are: • for the current financial year ending 30 June 2020, 250% to continue to apply; • for the financial years ending 30 June 2021 and 2022, 300% will apply; and • for each of the …NewsLGFA Credit Ratings Raised by S&P Global Ratings to AA+/AAA
… 22 February 2021 LGFA CREDIT RATINGS RAISED BY S&P GLOBAL RATINGS to AA+/AAA On 22 February 2021, S&P Global Ratings raised their long-term ratings on New … (LC) and affirmed the short-term ratings at 'A-1+'. S&P Global Ratings have subsequently raised the long-term FC …NewsMinisterial Announcement Regarding Crown Liquidity Facility
… Shareholder Borrower Day: “I can confirm today the Crown’s intention to increase the liquidity facility. A proposal … would allow us to implement that proposal. The Government’s increase of LGFA’s liquidity facility demonstrates to markets and credit …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA
… 28 February 2024 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 28 February 2024, S&P Global Ratings affirmed their long-term ratings on New … ratings have a stable outlook. This reflects the view by S&P Global Ratings that LGFA has a dominant market position …NewsLGFA launches Climate Action Loans for Councils and CCOs
… local councils and CCOs and wishes to support New Zealand’s shift to a low-carbon economy. LGFA also recognises it has a role to play in New Zealand’s contribution to meeting the United Nations' Sustainable … Action Loans (CALs). Offering CALs will align to LGFA’s aim of displaying leadership to the sector on sustainable …NewsLGFA undertakes first GSS Loans to New Zealand Councils
… New Zealand to draw down under the programme. Under LGFA’s Green Buildings category, WCC has commenced borrowing up to … benchmarked against comparable new builds. The building’s features include a rainwater harvesting system, smart air … Wellington Convention and Exhibition Centre Under LGFA’s Climate Adaptation category, GWRC has commenced borrowing …NewsLGFA undertakes GSS Loan to Hutt City Council for New Zealand’s first Green Star rated swimming pool
… undertakes GSS Loan to Hutt City Council for New Zealand’s first Green Star rated swimming pool Under New Zealand … of the six key priorities for Hutt Council in the Council’s 10-year-plan. A key driver across the Naenae Pool and … undertakes GSS Loan to Hutt City Council for New Zealand’s first Green Star rated swimming pool …NewsLGFA Bond Repurchase Programme
… repurchase tenders via Yieldbroker DEBTS under LGFA's Operating Rules and Guidelines. As at 29 April 2025, LGFA … that are registered tender counterparties under LGFA's Operating Rules and Guidelines. To participate in the … tender via NZX, Yieldbroker DEBTS, Bloomberg and on LGFA's website. The announcement will also include the maximum …NewsLGFA launches fixed rate bond offers cancels April tender
… of up to a further NZ$130 million at LGFA's discretion Indicative Margin Range: 0.08% to 0.11% per … the ability to accept unlimited oversubscriptions at LGFA's discretion Indicative Margin Range: 0.27% to 0.30% per annum 2028 Bonds Maturity Date: 15 May 2028 NZX …NewsLGFA Launch Green, Social and Sustainability Lending Programme
… local Councils and CCOs, and wishes to support New Zealand’s shift to a low-carbon economy. LGFA also recognises it has a role to play in New Zealand’s contribution to meeting the United Nations' Sustainable … GSS Loans will be documented as debt securities under LGFA's existing Multi-Issuer Deed, For more information please …NewsPress Release: LGFA Placed on Credit Observation by Standard and Poors'
… Today S&P have published its new methodology for rating non-US … on methodology “under criteria observation”. As a result S&P have placed the short and long term credit ratings of ten … the conclusion of the review under the changed criteria. S&P expect the review of ratings as a result of the new …NewsNews: Over $1 billion of bonds issued
… 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 … that AA rated councils are now saving approximately 30 basis points and unrated councils approximately 40 basis …NewsInvestor Presentation in relation to intended bond offers
… investor presentation in relation to the potential offer(s). LGFA will hold a global investor conference call at … below. Investors can register their interest in the offer(s) by contacting the Joint Lead Managers as detailed below, … currently be made. If LGFA offers any Bonds, the offer(s) will be made in accordance with the Financial Markets …NewsLGFA launches fixed rate bond offers, cancel August tender
… the ability to accept unlimited oversubscriptions at LGFA's discretion; and b) NZ $200 million of an existing series of … into account the Issuance Yield, on the Rate Set Date (30 July 2020). LGFA expects the Coupon/Interest Rate to be … Set Date. The Margin will be set following a bookbuild on 30 July 2020. The Coupon/Interest Rate, Issuance Yield, …NewsLGFA Announces Sustainable Financing Bond Framework
… LGFA has developed the Framework to: recognise LGFA’s commitment to support Borrowers to fund sustainable assets … are notionally allocated to the Sustainable Loans on LGFA’s balance sheet; and advance the market for sustainable … namely the International Capital Markets Association's Green Bond Principles (GBP), Social Bond Principles (SBP), …NewsLGFA Announces Sustainable Financing Bond Framework
… LGFA has developed the Framework to: recognise LGFA’s commitment to support Borrowers to fund sustainable assets … are notionally allocated to the Sustainable Loans on LGFA’s balance sheet; and advance the market for sustainable … namely the International Capital Markets Association's Green Bond Principles (GBP), Social Bond Principles (SBP), …News