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  • Risk management

    … its business structure. LGFA is exposed to both business and treasury related risks because of its normal business … to discuss any matters that the Audit and Risk Committee or Internal Audit believes should be discussed privately. … a 95% confidence interval. A daily 95% VaR exposure of $1,000,000 means that there is a 5% chance that the portfolio …
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  • Update on Local Water Done Well and Additional Financing for High Growth Councils

    … 08 August 2024 UPDATE ON LOCAL WATER DONE WELL AND ADDITIONAL FINANCING FOR HIGH GROWTH COUNCILS New Zealand … it will provide financing to support water organisations [1] established under Local Water Done Well and look to assist … CCOs and are financially supported by their parent council or councils. The ability of councils to establish water …
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  • Sector standard page - content elements

    … You can make text bold , italic , strike through it, and use super script and sub script . Internal links LinkIT … solution for internal links. You don't have to copy, or remember the URL, instead you can highlight the text to … or right-click the link text. Unordered list Bullet point 1 Bullet point 2 Bullet point 3 Bullet point 4 Ordered list …
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  • LGFA Fixed Term Intern Opportunity

    … was enabled under the Local Government Borrowing Act 2011 and was incorporated on 1 December 2011. LGFA is owned by thirty Councils and the … economics, accounting background and have completed or nearly completed a bachelor’s degree as a minimum …
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  • Wellington City Council and Tauranga City Council approved for Climate Action Loans (CALs)

    … its Climate Action Loan Lending Programme for council and council-controlled organisations (CCO) members on … 2023, WCC set a science-based target to reduce their Scope 1 & 2 emissions by 57% between FY21 and FY30, and a separate … operations.  Climate Action Loans (CALS) are target (or incentive) based lending structures designed to encourage …
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  • 2022 Taituarā Local Government Excellence Awards winners

    … 2022 , (the second year that LGFA has sponsored top award, and the eighth year LGFA have supported the Excellence … Association, the five iwi of Far North’s Te Hiku region and the wider community was announced as the Supreme Award … per cent of staff reported their productivity was the same or better while working at home. 'Great Workplaces' was …
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  • LGFA considers bond offers

    … to market conditions, making offers in relation to two or three of the following existing series of unsecured, … particular series being considered have the maturity dates and associated NZX ticker codes set out below: a) 15 April … global investor conference call at 2:00 pm NZT on Friday, 1 April 2022 and a second global investor conference call for …
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  • The United Nations Sustainable Development Goals

    … by 193 countries including New Zealand, comprise 17 goals and 169 targets. As part of our commitment to sustainability, LGFA will seek to finance or refinance, indirectly via councils, projects and assets that deliver positive environmental and social …
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  • Greater Wellington Regional Council approved for Climate Action Loans (CALs)

    … its Climate Action Loan Lending Programme for council and council-controlled organisations (CCO) members on … from FY2034/35: Achieve a 25% reduction in gross Scope 1 & 2 (Category 1 & 2) GHG emissions in FY2024/25; Achieve a … 1 & 2) GHG emissions in FY2034/35.  CALs are target (or incentive) based lending structures designed to …
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  • LGFA Cleansing Notice for Offer of 2026 Bond

    … NZX Announcement 8 April 2024 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • LGFA Cleansing Notice for Offer of 14 April 2022 Bond

    … Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • Sustainability at LGFA

    … local government sector in achieving their sustainability and climate change objectives. LGFA was established with the … primary objective of optimising the debt financing terms and conditions for our member councils. Key to achieving this … in which it operates and by endeavouring to accommodate or encourage these when able to do so. Which drives one of …
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  • LGFA launches Climate Action Loans for Councils and CCOs

    … of its Climate Action Loan Lending Programme for council and council-controlled organisation (CCO) members. LGFA … the risks inherent in climate change for both New Zealand and local councils and CCOs and wishes to support New … resilient society.  To compliment the Green, Social and/or Sustainability Lending programme ( GSS Loans ) launched in …
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  • LGFA Draft SOI 2020-2021 and Borrowing Programme Update

    … Act 2002. This is a draft for shareholder consultation and the SOI will be finalised by 30 June 2020. A copy is … of LGFA bonds per year of $2.28 billion (2021/22), $1.85 billion (2022/23) and $1.9 billion (2023/24), however … and 3rd June 2020. LGFA may consider replacing a tender or tenders with a syndicated issue and issuance volume will …
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  • News: LGFA aims to arrange $1b in debt

    … borrowing costs is confident it will arrange at least $1 billion of debt in its first year, after being given the … (LGFA) has been awarded an AA+ credit rating by both Fitch and Standard & Poor’s, on a par with the sovereign rating, and stronger than any of the banks operating in New Zealand. …
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  • LGFA undertakes GSS Loan to Hutt City Council for New Zealand’s first Green Star rated swimming pool

    … up to NZ$41 million for the rebuild of the Naenae Pool and Fitness Centre . The new swimming pool will be 65% bigger than the old pool and will be much more energy efficient with up to 53% … on energy use. Due to open in July 2024, the Naenae Pool and Fitness Centre will have the following sustainability …
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  • LGFA Cleansing Notice for Offer of 2031 Bond

    … NZX Announcement 8 April 2024 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • Global Reporting Initiative

    … adopted global standards for sustainability reporting and by meeting the GRI Standards we are providing greater clarity and accountability around our material sustainability issues … significant economic, environmental, and social impacts, or that substantively influence the assessments and decisions …
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  • LGFA Cleansing Notice for Offer of 15 April 2037 Bond

    … Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • Our story

    … government sector in New Zealand were made in the 1980s and 1990s. These attempts ultimately failed, due in part to a lack of strong and unified support from local authorities. At the Jobs … stakeholders culminated in the incorporation of LGFA on 1 December 2011. LGFA Establishment Board Craig Stobo, …
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  • LGFA Cleansing Notice for Offer of 15 April 2026 Bond

    … NZX Announcement 08 April 2020 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • LGFA Cleansing Notice for Offer of 15 May 2035 Bond

    … Announcement 12 October 2021 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • LGFA Cleansing Notice for Offer of 15 May 2028 Bond

    … Announcement 12 October 2021 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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  • LGFA Approves Green and Social Loan to Hawke's Bay Regional Council

    … Agency is pleased to announce it has approved a Green and Social Loan to Hawke’s Bay Regional Council (HBRC) for … Weather Event (NIWE), under the Climate Change Adaptation and Resilience category.  The Hawke’s Bay region was among … of moving properties classified as Category 2C to Category 1, enabling landowners to rebuild, improve their …
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  • LGFA Undertakes First Climate Action Loans

    … its Climate Action Loan Lending Programme for council and council-controlled organisations (CCO) members on 1 st December 2022, and is now pleased to announce that our … under the programme. To compliment the Green, Social and/or Sustainability Lending programme (GSS Loans) launched in …
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  • LGFA Bond Repurchase Programme

    … tenders via Yieldbroker DEBTS under LGFA's Operating Rules and Guidelines. As at 29 April 2025, LGFA has NZD 18.721 billion of Bonds outstanding (including NZD 1.3 billion of Bonds held as treasury stock) across ten … a wholesale investor within the meaning of clause 3(2)(a) or (d) of Schedule 1 to the Financial Markets Conduct Act …
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  • Sustainability

    … local government sector in achieving their sustainability and climate change objectives. LGFA will promote sustainability within our company and assist the local government sector in achieving their sustainability and climate change objectives. Promoting environmental and
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  • LGFA Director Appointment

    … company director, board Chair, company executive and professional civil engineer, who has held a number of leadership positions in the transport, infrastructure and energy sectors. She has more than 30 years of experience in the planning, development and implementation of large engineering and technical …
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  • LGFA approve GSS Loan to Tauranga City Council

    … Loan to Tauranga City Council (TCC) under its “Terrestrial and Aquatic Biodiversity Conservation” category. LGFA … The is the first GSS loan under LGFA’s Terrestrial and Aquatic Biodiversity Conservation category, and TCC is borrowing up to $10.3 million to finance the work …
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  • LGFA Cleansing Notice for Offer of 15 April 2024 Bond

    … Announcement  11 March 2019  Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA").  The main terms of the offer and the Bonds are set out in the attached  Series Notice.  … to be disclosed under a continuous disclosure obligation or which would be excluded information required to be …
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  • LGFA Cleansing Notice for Offer of 2025 Bond

    … 06 September 2023 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … to be disclosed under a continuous disclosure obligation or which would be excluded information required to be …
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  • LGFA Cleansing Notice for Offer of 15 May 2031 Bond

    … NZX Announcement 11 May 2021 Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct … Conduct Act 2013 ("FMCA"). The main terms of the offer and the Bonds are set out in the attached Series Notice. The … and conditions (except for the interest rate and/or maturity date) as LGFA's: (i) fixed rate bonds maturing on …
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