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Filter search resultsMinisterial Announcement Regarding Crown Liquidity Facility
… the liquidity facility. A proposal has been discussed and agreed between the Treasury and the LGFA. The Finance Minister Nicola Willis and I will shortly receive advice from the Treasury that …NewsKangaNews Women in Capital Markets Roundtable
… LGFA recently sponsored and participated in the annual KangaNews Women in New Zealand … Markets Roundtable. Linda Robertson, Independent Director and Chair of our Audit and Risk Committee represented LGFA and enjoyed a timely …NewsLGFA Indicative Bond Tender Dates for 2019
… has reviewed the issuance programme for calendar year 2019 and has set the following indicative dates for bond tenders and related tender settlements View Here >> The indicative February and May 2019 tender dates have been scheduled for a Tuesday …NewsRBNZ - Offer to purchase Local Government Funding Agency bonds
… bonds in small scale for liquidity management purposes and to support market functioning. This complements the activities of the Reserve Bank to provide liquidity and support the functioning of the New Zealand government … of the NZ government bonds maturing on 15 April 2020 and 15 May 2021. Purchases will be held to maturity on the …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 … applied to the Foreign Currency credit rating of "AA/A-1+" and Local Currency credit rating of "AA+/A-1+". Following … Press Release: LGFA Credit Rating Affirmed by Standard and Poors' with positive outlook …NewsLGFA wins at Environmental Finance- Sustainable Debt Awards 2024
… Action Loans (CAL), which incentivise councils to set and achieve 1.5°C science-based GHG emissions reduction targets and develop credible plans. Our thanks go out to all who … managers Westpac New Zealand (Sustainability coordinator and Arranger), ANZ, BNZ and Commonwealth Bank of Australia, …NewsPress Release: Fitch Rating Action Commentary - 08 November 2018
… (LGFA) senior unsecured local-currency bonds at 'AA+' and its short-term domestic debt programme at 'F1+'. The … which is a shareholder, liquidity provider and derivative counterparty to the GRE. Fitch note that the … also reflects the robust underlying credit profiles and asset quality of LGFA's other council shareholders and …NewsLGFA approves third GSS Loan to Tauranga City Council
… rock revetment seawall at The Strand in Tauranga CBD and will build a secondary bund to provide additional … necessary future coastal protection to sea-level rise and incorporate living seawall elements to promote biodiversity and provide an aesthetically pleasing area for recreational …NewsRBNZ Media Statement: LGFA Added to Large Scale Asset Programme
… approximately 30 percent of the total LGFA debt on issue, and takes the total size of the LSAP to $33 billion over 12 … role in determining interest rates faced by firms and households. As such, the Committee agreed that the … purchase of LGFA bonds by the Bank will provide stability and retain confidence in New Zealand’s capital market. The …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… 12 April 2023 LGFA confirms Issue Price, Interest Rate and Issuance Yield New Zealand Local Government Funding … participants (or their clients) in the bookbuild process and there is no public pool. The Sustainable Financing Bonds … ticker code LGF170. Arranger, Sustainability Coordinator and Joint Lead Manager Westpac Banking Corporation Phone: …NewsLGFA sustainable financing bond offer close
… sustainable financing bonds (Sustainable Financing Bonds) and confirmed the issue size and Margin for the offer of the Sustainable Financing Bonds. … Financing Bonds reserved for subscription by LGFA and NZ$120 million trading interest from the Joint Lead …NewsLGFA fixed rate bond offers close
… unsubordinated, fixed rate bonds (together, the 'Bonds') and confirmed the issue size and Margin for each offer of the Bonds. 2026 Bonds Maturity … Rate: 2.25% per annum Other information The Issuance Yield and Issue/Settlement Price for each of the 2026 Bonds and …NewsLGFA fixed rate bond offers close
… unsubordinated, fixed rate bonds (together, the 'Bonds') and confirmed the issue size and Margin for each offer of the Bonds. 2025 Bonds Maturity … Rate: 4.50% per annum Other information The Issuance Yield and Issue/Settlement Price for each of the 2025 Bonds and …NewsLGFA fixed rate bond offers close
… by LGFA) at the Margin of 0.25% per annum were received; and b) unsecured, unsubordinated, fixed rate bonds with a … 0.46% per annum. The Issuance Yield, Coupon/Interest Rate and Issue/Settlement Price for each of the 2028 Bonds and 2035 Bonds will be announced shortly. All of the Bonds …NewsLGFA fixed rate bond offers close
… of NZ$1,100,000,000 at the Margin of 0.97% were received; and an existing series of unsecured, unsubordinated, fixed … 0.21% per annum. The Issuance Yield, Coupon/Interest Rate and Issue/Settlement Price for the 2037 Bonds will be … for the 2022 Bonds is 2.75% per annum. The Issuance Yield and Issue/Settlement Price for the 2022 Bonds will be …NewsPress Release: LGFA Inaugural Bond Issue
… in terms of relative yield, record over subscriptions and interest from a range of domestic and offshore investors. The strong result also has to be … clearly sit in yield terms between the NZ Government and other highly rated issuers. Mr Combes also believes that …NewsLGFA Cleansing Notice Offer of 2030 Sustainable Financing Bond
… 5 of the Exemption Notice. The main terms of the offer and the Sustainable Financing Bonds are set out in the … Bonds will have identical rights, privileges, limitations and conditions except for the interest rate, the maturity date or both and their "sustainable financing" status, as LGFA's: fixed …NewsMedia Release: LGFA contemplating issuing a new April 2022 bond
… will be given on Thursday 29th March 2018 via the standard announcement of tender details. A new 2022 Bond will … careful consideration by LGFA of its issuance strategy and current market conditions. LGFA carefully considers a … the creation of a new bond series with a new maturity and going forward intends to continue to match NZGB …NewsLGFA fixed rate bond offers: Bookbuild update 2
… Limited (LGFA) has capped the issue size at NZ$250 million and intends to issue the capped amount. Indicative Margin: … to date, LGFA has capped the issue size at NZ$500 million and intends to issue the capped amount. Indicative Margin: … bookbuild update relates to LGFA's offers to institutional and New Zealand retail investors of the above existing series …NewsLGFA Considers Bond Offer
… bonds maturing on 20 April 2029 ( Bonds ) to institutional and New Zealand retail investors. It is expected that full … LGFA has appointed Bank of New Zealand as the Arranger and a Joint Lead Manager and ANZ Bank New Zealand Limited and Westpac Banking …NewsLGFA Considers Bond Offer
… bonds maturing on 15 April 2026 (Bonds) to institutional and New Zealand retail investors. LGFA will hold a global … LGFA has appointed Bank of New Zealand as the Arranger and a Joint Lead Manager and ANZ Bank New Zealand Limited, Commonwealth Bank of …NewsLGFA fixed rate bond offer: Bookbuild update 2
… a maturity date of 15 May 2031 (Bonds) to institutional and New Zealand retail investors, with the ability to accept … NZ$100 million of Bonds reserved for subscription by LGFA and NZ$135 million trading interest from the Joint Lead … per annum. Bookbuild orders at revised Indicative Margin and minimum issue size As at 9.10 am NZT in excess of NZ$570 …NewsLGFA fixed rate bond offers: Bookbuild update 2
… Limited (LGFA) has capped the issue size at NZ$600 million and intends to issue the capped amount. Indicative Margin: … LGFA has capped the issue size at NZ$800 million and intends to issue the capped amount. Indicative Margin: … bookbuild update relates to LGFA's offers to institutional and New Zealand retail investors of the above existing series …NewsLGFA considers bond offer
… LGFA considers bond offer and cancels 2 October 2024 tender 30 September 2024 New … May 2032 ( Sustainable Financing Bonds ) to institutional and New Zealand retail investors. It is anticipated that … 48 123 123 124) (acting through its New Zealand branch) and Westpac Banking Corporation (ABN 33 007 457 141) (acting …NewsMaya Ranzinger
… Maya joined LGFA as a Risk and Credit Analysis intern in November 2020. Her focus lies in data analysis and optimisation. At the same time, Maya is working toward a double bachelor majoring in Finance and Mechanical Engineering at Auckland University of …PersonCredit ratings
… rated at AAA (domestic long term) by S&P Global Ratings and AA+ by Fitch Ratings. The foreign currency long term rating is AA+ by S&P Global Ratings and AA+ by Fitch Ratings. The domestic and foreign currency ratings are on stable outlook by S&P …PageLGFA approves the first GS Loan under the Renewable Energy category
… under New Zealand Local Government Funding Agency’s Green and Social Loan Renewable Energy Category. Papa Rererangi i … the airport terminal building, EV charging stations, and other airport-related users. The second half will sell … This is a key step in Papa Rererangi i Puketapu and New Plymouth District Council’s efforts to manage and …NewsLGFA Statement of Intent 2022-25
… of Intent, announces bond issuance programme for 2022-23 and increase in individual bond maturity cap The New Zealand … website: https://www.lgfa.co.nz/investors/annual-reports-and-statement-intent Bond issuance programme The SOI includes … the strategic priorities, objectives, performance targets and financial forecasts for the organisation. As part of the …NewsShareholders Council
… five to ten appointees from the Council Shareholders and the Crown. The role of the Shareholders' Council comprises the following: Review and report performance of LGFA and the Board; Recommendations to Shareholders as to the …PageBoard of Directors
… The LGFA Board comprises independent and non-independent directors, the majority of which are … The LGFA Board, is responsible for the strategic direction and control of LGFA’s activities. The Board guides and monitors the business and affairs of LGFA, in accordance …PageLGFA SOI 2024-27 and Forecast Borrowing Programme
… the strategic priorities, objectives, performance targets and financial forecasts for the organisation. As part of the … to utilise a mix of financing sources including NZD bonds and bills and foreign currency denominated bonds and ECP ENDS Released … LGFA SOI 2024-27 and Forecast Borrowing Programme …NewsPress Release: LGFA Welcomes New Manager, Credit and Client Relations
… New Manager, Credit and Client Relations, Andrew Michl, started 11 June at LGFA. Andrew joined LGFA as Manager, Credit and Client Relations on 11 June 2012. Andrew was previously … at OnePath. His primary responsibility was analysing and investing in high quality corporate bonds and local …News