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  • LGFA cancels 18 March 2026 tender and considers bond offers

    … Limited ( LGFA ) has decided to cancel the tender that is scheduled to occur on 18 March 2026.  LGFA is considering, subject to market conditions, making one or … the relevant time, subject to market conditions.  No money is currently being sought and applications for the Bonds …
    News
  • LGFA fixed rate bond offers: Bookbuild update 2

    … Government Funding Agency Limited (LGFA) announced that it is offering: a) NZ$300 million unsecured, unsubordinated, … launch announcement on 29 July 2020. The bookbuild process is underway. An update is set out below. 2037 Bonds Bookbuild orders As at 8.40am …
    News
  • LGFA Credit Ratings Affirmed by S&P Global Ratings at AA+/AAA

    … This reflects the view by S&P Global Ratings that there is an extremely high likelihood the New Zealand government … and dominant market share of council lending, but this is offset by our highly concentrated lending portfolio. A copy of the S&P Research Update is available below ENDS Released on behalf of NZ Local …
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  • LGFA SOI 2025-28 and Forecast Borrowing Programme

    … of Intent, announces bond issuance programme for 2025-26. Statement of Intent The New Zealand Local Government … period from 1 July 2025 to 30 June 2028. The SOI is attached here Bond Issuance Programme The SOI includes the … the organisation. As part of the financial forecasts, it is assumed the projected gross bond issuance (excluding …
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  • LGFA fixed rate bond offer: Bookbuild update 1

    … Government Funding Agency Limited (LGFA) announced that it is offering up to NZ$350,000,000 unsecured, unsubordinated, … announcement on 20 August 2019.  The bookbuild process is underway. An update is set out below.  Bookbuild orders  As at 5pm NZT in excess …
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  • LGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA

    … for councils and LGFA's strengthening capital position is counteracting rising risk associated with its lending book to councils. They also note that there is an extremely high likelihood that extraordinary financial … 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 …
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  • LGFA fixed rate bond offers: Bookbuild update 1

    … Government Funding Agency Limited (LGFA) announced that it is offering: a) NZ$300 million unsecured, unsubordinated, … 2021. The bookbuild processes are underway. An update is set out below. 2028 Bonds Bookbuild orders As at 9.05pm … range has not changed from the Series Notice at 0.24 – 0.26 per cent per annum. Indicative Issuance Yield Based on the …
    News
  • Investor Presentation in relation to intended bond offers

    … New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making an offer … Zealand retail investors. Attached to this announcement is a copy of an  investor presentation  in relation to the … an obligation or commitment of any kind. No money is currently being sought and applications for the Bonds …
    News
  • New Zealand Government Commits to Extend LGFA Liquidity Facility

    … to borrow up to $1 billion from NZ Treasury. The facility is due to expire in December 2021 and the Minister of Finance … assures prospective lenders so that Local Government is able to borrow at competitive interest rates, meaning … 15(1) of the Local Government Borrowing Act. The facility is currently due to expire in December 2021. We're making …
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  • LGFA fixed rate bond offer: Bookbuild update 3

    … Government Funding Agency Limited (LGFA) announced that it is offering NZ$300 million unsecured, unsubordinated, fixed … launch announcement on 11 May 2021. The bookbuild process is underway. An update is set out below. Bookbuild orders As at 12:30 pm NZT in …
    News
  • Press Release: Appointment of 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 in early August 2014. Once on board, Mark is looking forward to building on LGFA’s impressive start as …
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  • LGFA Credit Ratings Affirmed by S&P Global Ratings at AA+/AAA

    … This reflects the view by S&P Global Ratings that there is an extremely high likelihood the New Zealand government … our dominant market share of council lending, but this is offset by our highly concentrated lending portfolio. A copy of the S&P Research Update is available  here ENDS Released on behalf of NZ Local …
    News
  • Credit Rating Outlook Revised to Negative by Fitch Ratings

    … NZX Announcement 26 March 2026 FITCH RATINGS REVISES OUTLOOK ON LGFA TO … Government-Related Entities (GRE) Rating Criteria, LGFA is a GRE and is credit-linked to the New Zealand sovereign. LGFA's …
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  • Press Release: LGFA contemplating issuing a new April 2025 bond in upcoming 15 June 2016 LGFA bond tender

    … New Zealand Local Government Funding Agency (LGFA) is contemplating the issuance of a new 15 April 2025 bond … 2016 via the standard announcement of tender details that is made two days prior to a tender. A new 2025 Bond will … the 2025 Bond will be set out in the series notice, which is expected to be released on Tuesday 14th June 2016 as part …
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  • Announcement of LGFA Bond Tender 72

    … Amount Offered: NZD 110,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA) Ticker Code: LGF110 … Amount Offered: NZD 110,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA) Ticker Code: LGF080 … 2033 Coupon: 3.50% Amount Offered: NZD 30,000,000 No money is currently being sought and no bids for LGFA Bonds will be …
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  • Press Release: LGFA fixed rate bond offer: Bookbuild update 1

    … Government Funding Agency Limited (LGFA) announced that it is offering NZ$500,000,000 unsecured, unsubordinated, fixed … announcement on 11 March 2019. The bookbuild process is underway.  An update is set out below. Bookbuild orders As at 5pm NZT in excess of …
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  • LGFA fixed rate bond offers: Bookbuild update 4

    … Government Funding Agency Limited (LGFA) announced that it is offering to institutional and New Zealand retail investors … listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the … 2022. The bookbuild processes are underway. An update is set out below. 2024 Bonds Maturity Date: 15 April 2024 NZX …
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  • LGFA fixed rate bond offer: Bookbuild update 1

    … Government Funding Agency Limited (LGFA) announced that it is offering NZ$300 million unsecured, unsubordinated, fixed … launch announcement on 11 May 2021. The bookbuild process is underway. An update is set out below. Bookbuild Orders As at 4.00 pm NZT in …
    News
  • LGFA fixed rate bond offers: Bookbuild update 2

    … Government Funding Agency Limited (LGFA) announced that it is offering to institutional and New Zealand retail investors … listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the … 2022. The bookbuild processes are underway. An update is set out below. 2024 Bonds Maturity Date: 15 April 2024 NZX …
    News
  • LGFA Credit Ratings Raised by S&P Global Ratings to AA+/AAA

    … ratings on New Zealand to 'AA+' foreign-currency (FC) and 'AAA' local-currency (LC) and affirmed the short-term … This reflects the view by S&P Global Ratings that there is an extremely high likelihood the New Zealand government …
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  • LGFA fixed rate bond offer: Bookbuild update 2

    … Government Funding Agency Limited (LGFA) announced that it is offering up to NZ$300 million unsecured, unsubordinated, … launch announcement on 8 April 2020. The bookbuild process is underway. An update is set out below. Bookbuild orders As at 8:30 am NZT in …
    News
  • Investor Presentation in relation to intended bond offer

    … New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making an offer … Zealand retail investors. Attached to this announcement is a copy of an investor presentation in relation to the … an obligation or commitment of any kind. No money is currently being sought and applications for the Bonds …
    News
  • LGFA fixed rate bond offer: Bookbuild update 2

    … Government Funding Agency Limited (LGFA) announced that it is offering NZ$300 million unsecured, unsubordinated, fixed … launch announcement on 11 May 2021. The bookbuild process is underway. An update is set out below. Bookbuild orders As at 9.10 am NZT in …
    News
  • Press Release: Highlighting Recent Achievements December 2012

    … LGFA is pleased to announce a number of recent achievements that … participating councils and the New Zealand Government. It is also pleasing to note that eight of these new shareholders … This represents a bond programme in our first year that is well in excess of the $1 billion we initially expected. We …
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  • LGFA fixed rate bond offers: Bookbuild update 1

    … million. Indicative Margin: The indicative Margin range is revised to 0.16 per cent per annum. Indicative Issuance … million. Indicative Margin: The indicative Margin range is revised to at 0.69 – 0.70 per cent per annum. Indicative … listed above (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the …
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  • LGFA fixed rate bond offers: Bookbuild update 2

    … Government Funding Agency Limited (LGFA) announced that it is offering: a) NZ$300 million unsecured, unsubordinated, … 2021. The bookbuild processes are underway. An update is set out below. 2028 Bonds Bookbuild orders As at 9.15 am … range has not changed from the Series Notice at 0.24 – 0.26 per cent per annum. Indicative Issuance Yield Based on the …
    News
  • LGFA confirms Issue Price, Interest Rate and Issuance Yield

    … (or their clients) in the bookbuild process and there is no public pool. The 2037 Bonds are expected to be issued … 2022 Bonds The Coupon/Interest Rate for the 2022 Bonds is 2.75% per annum. The Issuance Yield for the 2022 Bonds has … (or their clients) in the bookbuild process and there is no public pool. The 2022 Bonds are expected to be issued …
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  • LGFA fixed rate bond offers: Bookbuild update 2

    … – 0.30 per cent per annum. The indicative Margin range is now revised to 0.28 – 0.29 per cent per annum. Indicative … – 0.56 per cent per annum. The indicative Margin range is now revised to 0.55 – 0.56 per cent per annum. Indicative … listed above (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the …
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  • LGFA Considers Bond Offer

    … New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making an offer … on 2 April 2020. Details are outlined below. While LGFA is considering the offer, it may decide not to proceed with … an obligation or commitment of any kind. No money is currently being sought and applications for the Bonds …
    News
  • LGFA fixed rate bond offers: Bookbuild update 2

    … capped amount. Indicative Margin: The indicative Margin is unchanged at 0.16 per cent per annum. Indicative Issuance … capped amount. Indicative Margin: The indicative Margin is revised to 0.69 per cent per annum. Indicative Issuance … listed above (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the …
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  • LGFA fixed rate bond offers: Bookbuild update 3

    … was 0.27 – 0.30 per cent per annum. The indicative Margin is now revised 0.28 per cent per annum. Indicative Issuance … was 0.53 – 0.56 per cent per annum. The indicative Margin is now revised to 0.56 per cent per annum. Indicative … listed above (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the …
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  • Media Release: LGFA contemplating issuing a new April 2022 bond

    … #54 New Zealand Local Government Funding Agency (LGFA) is contemplating the issuance of a new 14 April 2022 bond … the 2022 Bond will be set out in the series notice, which is expected to be released on Tuesday 3rd April 2018.  The … series notice will be available on NZX (at https://www.nzx.com/companies/LGF/announcements) and on our website …
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