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  • Announcement of LGFA Bond Tender 69

    … NZX Announcement 03 February 2020 ANNOUNCEMENT OF LGFA BOND TENDER 69 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 69: Tender date: 05 February 2020 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • David Rae

    … David is a co-owner of an investment consulting firm, MyFiduciary Ltd, which … and past roles as an investment trustee and as a director of regulated utilities in the gas and transport sectors both … David has an M.Sc in Economics from the London School of Economics, and a B.Soc.Sci (Hons) in Economics and Physics …
    Person
  • Updated List of LGFA Guarantors

    … 29 June 2022 Please find attached an updated list of LGFA guarantors as at 29 June 2022. Horowhenua District Council have been assigned a credit rating of AA- with a stable outlook by S&P Global Ratings. They were … rated as A+ with a stable outlook. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Announcement of LGFA Bond Tender 70

    … NZX Announcement 09 March 2020 ANNOUNCEMENT OF LGFA BOND TENDER 70 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 70: Tender date: 11 March 2020 Bids open on … to $1.75 billion per maturity. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Press Release: LGFA contemplating issuing a new April 2033 bond in upcoming 5th April 2017 LGFA bond tender

    … Funding Agency (LGFA) is contemplating the issuance of a new 14 April 2033 bond (2033 Bond) in the next LGFA bond … on Monday 3rd April 2017 via the standard announcement of tender details that is made two days prior to a tender.   … Bond will constitute direct, unsecured debt obligations of LGFA.    If LGFA decides to offer the 2033 Bond, further …
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  • LGFA wins at Environmental Finance- Sustainable Debt Awards 2024

    … maturing in May 2030, has been named “Sustainability Bond of the Year – Supranational” at Environmental Finance’s … structured an SFB that co-mingled sustainable asset pool of green, social, sustainability (GSS) use of proceeds loans with target-linked Climate Action Loans …
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  • LGFA welcomes Waikato Waters as the first water CCO member

    … and Waitomo District Council. Waikato Waters is the first of a potential eighteen water CCOs expected to join LGFA by 1 … LGFA was established in late 2011 to raise debt on behalf of the sector on terms that are more favourable to them than … councils and eight CCOs and has 80% market share of all council borrowing. The accession is a significant …
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  • Sustainability

    … By extension, these investments form an important element of LGFA’s sustainability context. LGFA is committed to assist … to reduce their greenhouse gas emissions over time. Review of Climate Emergency Declarations and Responses by Councils … declared a climate emergency over 2019-2020 (16 out of 78), their subsequent responses and any opportunities for …
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  • LGFA launches sustainable financing bond offer

    … to be 4.50% 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 Sustainable Financing Bonds until its July 2023 … expected to be quoted on the NZX Debt Market. Full details of the Sustainable Financing Bond offer is contained in the …
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  • Sector standard page - content elements

    … text. You can now link to the anchor by setting #name-of-your-anchor as the URL in the LinkIT URL field. Editing … page should contain a concise introduction to the contents of the page. This way your reader can instantly gain an understanding of what the page is about and decide whether they want to …
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  • LGFA Future Director Appointment

    … Directors programme, effective 1 July 2022 for a period of 18 months.   Ms Furniss is currently the Executive Officer … for the Auckland Council Finance Division and a number of senior legal roles at Auckland Council, two London Borough … I hope she will enjoy the opportunity to sit on the board of an innovative organisation that is delivering significant …
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  • LGFA undertakes first GSS Loans to New Zealand Councils

    … borrowing up to $180 million for the construction of Tākina, the Wellington Convention and Exhibition Centre. … This involves upgrading the stopbanks on either side of Te Awa Kairangi Hutt River as well as deepening and … event, at the same time enhancing the ecological health of the river. The overall RiverLink Project (with an …
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  • Announcement of LGFA Bond Tender 65

    … NZX Announcement 15 July 2019 ANNOUNCEMENT OF LGFA BOND TENDER 65 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 65: Tender date : 17 July 2019 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Announcement of LGFA Bond Tender

    … NZX Announcement 10 February 2025 ANNOUNCEMENT OF LGFA BOND TENDER 115 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 115: Tender date : 12 February 2025 Bids open … the relevant series notice.   ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • LGFA financing to local government for water services – January 2026 update

    … In December 2025, LGFA wrote to the Mayors and CEOs of councils to outline the financial covenant framework that … are outlined in the attached document: Council Guarantee of Water CCOs Allowing Other Lenders to Share the Guarantee Security of Existing Councils Loans to a Water CCO LGFA Debt Transfer …
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  • LGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA

    … that LGFA has a dominant market position as a source of financing for councils and an extremely high likelihood … would be forthcoming in a stress scenario. A copy of the S&P Research Update is available below   ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Updated List of LGFA Guarantors

    … 12 July 2022 Please find attached an updated list of LGFA guarantors as at 12 July 2022. Mackenzie District … to the LGFA guaranteeing group. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark … Updated List of LGFA Guarantors …
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  • LGFA approve GSS Loan to Hurunui District Council

    … Amberley Beach residents in response to the growing threat of climate change. Amberley Beach is at risk of sea-level rise and coastal erosion and it is anticipated … Project is a pioneering initiative to address the risks of sea-level rise and coastal erosion. The GSS loan will …
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  • Ministerial Announcement Regarding Crown Liquidity Facility

    … REGARDING CROWN LIQUIDITY FACILITY The Minister of Local Government Simeon Brown has today announced the … us to implement that proposal. The Government’s increase of LGFA’s liquidity facility demonstrates to markets and … water organisations”. Released on behalf of New Zealand Local Government Funding Agency Limited by …
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  • LGFA Quarterly Investor Update/Funding Programme Revision

    … from councils, LGFA has increased the estimated size of the 2020-21 bond issuance programme by $300 million to … issuance programme. Given that LGFA issued $1.3 billion of LGFA bonds in the September quarter, it expects to issue … the next update in mid-January. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Updated List of LGFA Guarantors

    … 24 November 2022 Please find attached an updated list of LGFA guarantors as at 24 November 2022. Southland Regional … to the LGFA guaranteeing group. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark … Updated List of LGFA Guarantors …
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  • Further Update to List of LGFA Guarantors as at 02 March 2020

    … 2020 Please find attached a further update to the list of LGFA guarantors as at 02 March 2020: Ashburton District … (stable outlook) by Fitch Ratings. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark … Further Update to List of LGFA Guarantors as at 02 March 2020 …
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  • Updated LGFA Bond Tender Schedule for 2023

    … LGFA BOND TENDER SCHEDULE FOR 2023 CALENDAR YEAR The list of upcoming tender dates for LGFA bonds for the 2023 calendar … replacing one or more tenders with a syndicated offering of bonds during the 2023 calendar year. ENDS Released on behalf of New Zealand Local Government Funding Agency Limited by …
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  • LGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA

    … that LGFA has a dominant market position as a source of financing for councils and LGFA's strengthening capital … in a stress scenario over the next two years. A copy of the S&P Research Update is available on the LGFA here ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Press Release: LGFA Waiver from NZX Debt Market Listing Rule 7.12.1

    … Rule would require LGFA to release to the market details of any acquisition of the LGF Bonds as a part of each Repo Transaction …
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  • Foreign Currency Debt Issuance

    … LGFA has the ability to issue two types of Foreign Currency debt. LGFA have MTN documentation in … foreign currency issuance with programme limits of US$10 billion and A$5 billion, as well as ECP … foreign currency issuance with a programme limit of US$2 billion. …
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  • Press Release: Appointment of New Chief Executive

    … Mark Butcher has been appointed as the new Chief Executive of the Local Government Funding Agency (LGFA). Mark is currently the Treasurer of Auckland Council.  He is expected to take up his new role … Press Release: Appointment of New Chief Executive …
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  • Updated List of LGFA Guarantors

    … 6 September 2024 Please find attached an updated list of LGFA guarantors as at 6 September 2024. Hamilton City … "AA-" with a negative outlook.   ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark … Updated List of LGFA Guarantors …
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  • Treasury Stock Issuance Details Not Included in Website Announcement of LGFA Bond Tender 54

    … Details of LGFA Tender 54 will be announced this afternoon at 2pm. … and Bloomberg at 2pm doesn’t include the $50 million of the 2022 Series being tendered that will be reserved for … Issuance Details Not Included in Website Announcement of LGFA Bond Tender 54 …
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  • Announcement of LGFA Bond Tender 114

    … NZX Announcement 20 January 2025 ANNOUNCEMENT OF LGFA BOND TENDER 114 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 114: Tender date : 22 January 2025 Bids open … the relevant series notice.   ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Announcement of LGFA Bond Tender 118

    … NZX Announcement 05 May 2025 ANNOUNCEMENT OF LGFA BOND TENDER 118 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 118: Tender date : 07 May 2025 Bids open on … the relevant series notice.   ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • Updated List of LGFA Guarantors as at 13 October 2020

    … 13 October 2020 Please find  attached  an updated list of LGFA guarantors as at 13 October 2020: Central Otago … to the LGFA guaranteeing group. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark … Updated List of LGFA Guarantors as at 13 October 2020 …
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