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  • Notice of Repos Outstanding as at 31 December 2017

    … 03 January 2018 NOTICE OF REPO OUTSTANDINGS AS AT 31 December 2017 Repo Transactions … The attachment to this notice summarises, in respect of each Series of LGFA Bonds for which repo transactions can be undertaken, … Notice of Repos Outstanding as at 31 December 2017 …
    News
  • RBNZ Media Statement: LGFA Added to Large Scale Asset Programme

    … – Expanded Large Scale Asset Purchases The Reserve Bank of New Zealand has made the following statement today. “The Reserve Bank of New Zealand has added $3 billion of Local Government … RBNZ Media Statement: LGFA Added to Large Scale Asset Programme …
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  • LGFA fixed rate bond offers close

    … following the successful bookbuild process for its offers of: unsecured, unsubordinated, fixed rate bonds with a maturity date of 15 April 2037 (2037 Bonds), it has set the issue size at … As at offer close at 2pm NZT, bookbuild orders in excess of NZ$1,100,000,000 at the Margin of 0.97% were received; and …
    News
  • LGFA fixed rate bond offers close

    … following the successful bookbuild process for its offers of the following existing series of unsecured, unsubordinated, fixed rate bonds with the … and confirmed the issue size and Margin for each offer of the Bonds. 2025 Bonds Maturity Date: 15 April 2025 Issue …
    News
  • LGFA considers bond offers

    … making offers in relation to one or more existing series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market. The … retail investors. It is anticipated that full details of any relevant offer(s) will be released tomorrow, when the …
    News
  • LGFA cancels 8 April 2020 tender and considers bond offer

    … considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … LGFA is still actively considering making an offer of the Bonds and expects that full details of the offer will be released in the near future, subject to …
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  • Proposed Change to LGFA Foundation Policy Convenant

    … CHANGE TO LGFA FOUNDATION POLICY COVENANT The board of New Zealand Local Government Funding Agency Limited (LGFA) … local authority borrowers with a long-term credit rating of 'A' equivalent or higher. The proposed changes have been … (as set out below) requires approval by a majority of shareholders. Currently, local authority borrowers with a …
    News
  • LGFA considers bond offers

    … making offers in relation to the following series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market: a) 15 … are outlined below. Investors can access a recording of this call by contacting a Joint Lead Manager as detailed …
    News
  • LGFA considers sustainable financing bond offer

    … considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate sustainable financing … April 2023. In that case, it is expected that full details of any offer of the Sustainable Financing Bonds will be released next …
    News
  • LGFA launches fixed rate bond offers cancels April tender

    … 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 and will be … million, with the ability to accept oversubscriptions of up to a further NZ$130 million at LGFA's discretion …
    News
  • LGFA Draft SOI 2025-28 and Forecast Borrowing Programme

    … NZX Announcement 28 February 2025 LGFA releases Draft Statement of Intent 2025-28 and Forecast Borrowing Programme Under the …
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  • LGFA fixed rate bond offers close

    … announced that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds (together, the … and confirmed the issue size and Margin for each offer of the Bonds. 2026 Bonds Maturity Date: 15 April 2026 Issue … orders: As at offer close, bookbuild orders in excess of NZ$955 million at the Margin of 0.25% per annum were …
    News
  • Investor Presentation in relation to intended bond offers

    … considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 April 2037 (2037 Bonds) and an offer of an existing series of unsecured, unsubordinated fixed rate bonds maturing on 14 …
    News
  • LGFA considers bond offers

    … conditions, making offers in relation to two or three of the following existing series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market. The …
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  • LGFA Bond Issuance Programme Update

    … Agency Limited (" LGFA ”) is expecting the issuance volume of LGFA bonds for the remaining two months of the financial … funding programme update when it releases the Final Statement of Intent by the 30 June 2020 and intends to provide updates on …
    News
  • LGFA SOI 2023-26 and Forecast Borrowing Programme

    … NZX Announcement LGFA releases the 2023-26 Statement of Intent, announces bond issuance programme for 2023-24 and …
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  • LGFA Fixed Term Intern Opportunity

    … 2002. LGFA’s primary purpose is to be a low-cost provider of efficient and diversified funding sources for NZ local authorities. The obligations of LGFA are guaranteed by fifty-eight councils. LGFA has assets of $13.2 billion and equity of $83.6 million as at 30 June …
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  • LGFA Draft SOI 2020-2021 and Borrowing Programme Update

    … 2020 LGFA has released to shareholders its 2020-2021 Draft Statement of Intent (SOI) as required under the Local Government Act 2002. …
    News
  • LGFA launches fixed rate bond offers

    … today that it is offering the following existing series of unsecured, unsubordinated, fixed rate bonds to … retail investors (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. 2026 Bonds … 0.73% to 0.76% per annum Other information For each series of Bonds, the Issuance Yield will be the sum of the Margin …
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  • Our story

    … These attempts ultimately failed, due in part to a lack of strong and unified support from local authorities. At the … authorities, on the capital markets – pricing and security of access in particular.” Hugo Ellis, Borrowing Together for … efficient funding vehicle on hand would minimise the cost of this additional borrowing. A group of nine councils …
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  • LGFA launches fixed rate bond offers

    … today that it is offering the following existing series of unsecured, unsubordinated, fixed rate bonds to … retail investors (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. 2025 Bonds … 0.68% to 0.72% per annum Other information For each series of Bonds, the Issuance Yield will be the sum of the Margin …
    News
  • LGFA considers bond offers, cancels 6 September 2023 tender

    … making offers in relation to the following series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market: a) 15 … 6 September 2023. Attached to this announcement is a copy of an investor presentation in relation to the potential …
    News
  • LGFA launches fixed rate bond offers cancels October tender

    … 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 and will be … Margin Range: 0.53% to 0.56% per annum For each series of Bonds, the Issuance Yield will be the sum of the Margin …
    News
  • LGFA considers bond offer, releases investor presentation

    … considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … outlined below. Attached to this announcement is a copy of an investor presentation in relation to the potential offer. It is expected that full details of the offer of the Bonds will be released next week, when …
    News
  • LGFA considers bond offer

    … considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate sustainable financing … are outlined below.  Investors can access a recording of this call by contacting a Joint Lead Manager as detailed below. Attached to this announcement is a copy of an investor presentation in relation to the potential …
    News
  • Stratford District Council becomes the first council approved for a Sustainable Water GS Loan

    … Management category. The council is nearing the completion of its universal water metering program to modernise the … Once complete, 3,116 connections, which make up 100% of Stratford district’s residential connections, will have … coverage. This is in addition to existing metering of rural, lifestyle and commercial properties. Through this …
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  • LGFA launches fixed rate bond offer, cancels 21 Aug Tender

    … unsubordinated, fixed rate bonds with a maturity date of 20 April 2029 (Bonds) to institutional and New Zealand … investors, with the ability to accept up to $200,000,000 of oversubscriptions at LGFA’s discretion.  The … to be 1.50% per annum. The Issuance Yield will be the sum of the Margin and the Base Rate on the Rate Set Date. The …
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  • LGFA Board Chair, Audit & Risk Committee Chair Appointments

    … Appointments Craig Stobo has decided to step down as Chair of the LGFA board pending the outcome of the independent review of his role as Chair of the Financial Markets Authority …
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  • LGFA SOI 2024-27 and Forecast Borrowing Programme

    … NZX Announcement 25 June 2024 LGFA releases the 2024-27 Statement of Intent, announces bond issuance programme for 2024-25. …
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  • Helen Robinson ONZM

    … and sustainability sectors. Helen was Managing Director of Microsoft New Zealand, VP of Pivotal Corporation Asia Pacific and Managing Director, … Group (co-founding its Environmental Registry; now part of S&P Global). Helen has decades of governance experience …
    Person
  • LGFA Quarterly Funding Update – December 2023

    … NZ$500 million to NZ$5.0 billion (excluding any issuance of Treasury Stock). This reflects the higher amount of … programme update when we release the 2024-27 Draft Statement of Intent at the end of February 2024. ENDS Released on behalf …
    News
  • LGFA SOI 2025-28 and Forecast Borrowing Programme

    … NZX Announcement 27 June 2025 LGFA releases the 2025-28 Statement of Intent, announces bond issuance programme for 2025-26. …
    News