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Filter search resultsAnnouncement of LGFA Bond Tender 72
… NZX Announcement 29 May 2020 ANNOUNCEMENT OF LGFA BOND TENDER 72 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 72: Tender date: 03 June 2020 Bids open on … April 2024 Coupon: 2.25% Amount Offered: NZD 110,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA) …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… today that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds below … annum Issuance Yield: 5.765% per annum, based on a Margin of 0.16% per annum Issue/Settlement Price: NZ$0.96604900 per … annum Issuance Yield: 5.536% per annum, based on a Margin of 0.69% per annum Issue/Settlement Price: NZ$0.95744837 per …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… today that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds with the … Issuance Yield: 5.124% per annum, based on a Margin of 0.28% per annum as previously announced Issue/Settlement … annum Issuance Yield: 5.219% per annum, based on a Margin of 0.56% per annum as previously announced Issue/Settlement …NewsLGFA fixed rate bond offer: Bookbuild update 3
… 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. Full details of the Bond offer are contained in the Series Notice which …NewsLGFA fixed rate bond offer: Bookbuild update 1
… unsubordinated, fixed rate bonds with a maturity date of 20 April 2029 (Bonds) to institutional and New Zealand … with the ability to accept up to a further NZ$200,000,000 of oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which …NewsLGFA fixed rate bond offer: Bookbuild update 2
… 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 $200,000,000 of oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which …NewsLGFA fixed rate bond offers: Bookbuild update 1
… code: LGF070 Bookbuild orders: As at 3:45 pm NZT in excess of NZ$ 480 million within the indicative Margin range below … code: LGF110 Bookbuild orders: As at 3:45pm NZT in excess of NZ$210 million within the indicative Margin range below … offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, …NewsLGFA fixed rate bond offer: Bookbuild update 3
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2026 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … out below. Bookbuild orders As at 11.35 am NZT in excess of NZ$1.3 billion within the revised indicative Margin below …NewsLGFA fixed rate bond offers: Bookbuild update 1
… code: LGF070 Bookbuild orders: As at 4:15pm NZT in excess of NZ$325 million (including NZ$85 million trading interest … code: LGF170 Bookbuild orders: As at 4:15pm NZT in excess of NZ$810 million (including NZ$195 million trading interest … offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, …NewsLGFA fixed rate bond offer: Bookbuild update 2
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2026 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … out below. Bookbuild orders As at 8:30 am NZT in excess of NZ$750,000,000 within the revised indicative Margin below …NewsLGFA fixed rate bond offers: Bookbuild update 2
… code: LGF070 Bookbuild orders: As at 8:55am NZT in excess of NZ$640 million within the revised indicative Margin range … code: LGF110 Bookbuild orders: As at 8:55am NZT in excess of NZ$260 million within the revised indicative Margin range … offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, …NewsLGFA fixed rate bond offers: Bookbuild update 2
… code: LGF070 Bookbuild orders: As at 8:40am NZT in excess of NZ$265 million including NZ$65 million trading interest … code: LGF170 Bookbuild orders: As at 8:40am NZT in excess of NZ$870 million (including NZ$220 million trading interest … offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, …NewsLGFA 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 increase in individual bond maturity cap. Statement of Intent The New Zealand Local Government Funding Agency (LGFA) has released its Statement of Intent (“SOI”) to shareholders that covers the three-year …NewsNew Zealand Government Commits to Extend LGFA Liquidity Facility
… is due to expire in December 2021 and the Minister of Finance has today announced the following “The LGFA plays … finance to the local government sector, with current loans of $10.7 billion to its sixty-seven member Councils. The … taking pressure off ratepayers. I am announcing, on behalf of the Crown, that I will extend the Crown liquidity facility …NewsLGFA launches fixed rate bond offer, cancels May tender
… unsubordinated, fixed rate bonds with a maturity date of 15 May 2031 (Bonds) to institutional and New Zealand … to be 2.25% 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 Bonds until its August 2021 tender, currently …NewsLGFA fixed rate bond offers: Bookbuild update 1
… 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. Full details of the Bond offers are contained in the Series Notices for …NewsLGFA fixed rate bond offers: Bookbuild update 2
… code: LGF120 Bookbuild orders: As at 8.30am NZT in excess of NZ$860 million within the prior revised indicative Margin … code: LGF140 Bookbuild orders: As at 8.30 am NZT in excess of NZ$1,269 million within the prior revised indicative … offers to institutional and New Zealand retail investors of the above existing series of unsecured, unsubordinated, …NewsGreater Wellington Regional Council approved for Climate Action Loans (CALs)
… a climate emergency, and has since developed a programme of climate action relating to corporate operations and … Each target is relative to the Council’s base year period of FY2018/19: GWRC has committed to achieve a net reduction in its total emissions (all Scopes/Categories) of 40% in FY2024/25; To be ‘carbon neutral’ (net-zero total …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… announced today that it will issue: a) NZ$800 million of unsecured, unsubordinated, fixed rate bonds maturing 15 May 2028 (2028 Bonds); and b) NZ$500 million of unsecured, unsubordinated, fixed rate bonds maturing 15 … Bonds has been set at 2.359% per annum, based on a Margin of 0.25% per annum as previously announced. The …NewsLGFA SOI 2025-28 and Forecast Borrowing Programme
… 27 June 2025 LGFA releases the 2025-28 Statement of Intent, announces bond issuance programme for 2025-26. Statement of Intent The New Zealand Local Government Funding Agency (LGFA) has released its Statement of Intent (“SOI”) to shareholders that covers the three-year …NewsPress Release: LGFA confirms Issue/Settlement Price, Coupon/Interest Rate and Issuance Yield
… announced today that it will issue NZ$ 1,000,000,000 of unsecured, unsubordinated, fixed rate bonds maturing 15 … Bonds has been set at 2.32% per annum, based on a Margin of 0.34% per annum as previously announced. The Issue/Settlement Price (which includes 151 days of accrued interest) has been determined (using the formula …NewsAnnouncement of LGFA Bond Tender 62
… NZX MAP Announcement 08 February 2019 ANNOUNCEMENT OF LGFA BOND TENDER 62 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 62: Tender date: 12 February 2019 Bids open …NewsLGFA release Draft SOI 2023-26 and Forecast Borrowing Programme
… Act 2002, LGFA is required to publish a Draft Statement Of Intent (SOI) by 28 February 2023 and publish a Final SOI … The Draft SOI outlines an assumed bond issuance programme of: FY24 $3.2 billion FY25 $3.2 billion FY26 $3.15 billion … is no change to the current FY23 bond issuance programme of $2.9 billion but an update will be provided in early April …NewsRBNZ - Offer to purchase Local Government Funding Agency bonds
… following statement has been released by the Reserve Bank of New Zealand today. The Reserve Bank is offering to … market functioning. This complements the activities of the Reserve Bank to provide liquidity and support the functioning of the New Zealand government bond market, through the …NewsLGFA fixed rate bond offer closes
… following the successful bookbuild process for its offer of unsecured, unsubordinated, fixed rate bonds with a maturity date of 20 April 2029 (Bonds), it has set the issue size at NZ$500,000,000. This includes over-subscriptions of NZ$150,000,000. The Margin for the Bonds has been set at …NewsMedia Release: LGFA to introduce a soft cap of NZD1.5 billion per bond series
… LGFA to introduce a soft cap of NZD1.5 billion per bond series: New Zealand Local … (LGFA) has traditionally followed an issuance strategy of matching similar New Zealand Government Bonds (NZGB) … NZD1 billion per LGFA bond series. Following a review of its issuance strategy, LGFA has decided to impose a soft …NewsLGFA Quarterly Investor Update
… at $3.0 billion. Given that LGFA has issued $2.3 billion of LGFA bonds in the nine month period to 31 March 2021, it … June quarter but may take the opportunity to prefund part of the 2021-22 requirement if market conditions are suitable. … 2024 financial years were announced to the market as part of the Draft SOI on 27 February 2021 and will be updated in …NewsLGFA Credit Ratings affirmed by Fitch Ratings at AA+ (Outlook Stable)
… the agency’s key policy role in providing the majority of local government financing. LGFA’s ratings are equalised … also reflects the strong underlying credit quality of LGFA's council shareholders and borrowers, the majority of which guarantee LGFA's debt obligations.” A copy of the …NewsLGFA Quarterly Funding Update – September 2023
… by $300 million to $4.5 billion (excluding any issuance of Treasury Stock). This reflects the higher amount of council and CCO lending by LGFA in the September quarter of $1.22 billion and following on from June quarter council …NewsNew Zealand Government extends and upsizes the Crown Liquidity Facility with LGFA
… the Crown Liquidity Facility with LGFA The Minister of Finance and LGFA have today signed an amendment to the Crown Liquidity Facility that extends the term of the facility to 31 December 2031 (from 31 December 2021) and increases the size of the facility to NZD1.5 billion (from NZD1 billion). The …NewsPress Release: LGFA contemplating issuing a new April 2025 bond in upcoming 15 June 2016 LGFA bond tender
… Funding Agency (LGFA) is contemplating the issuance of a new 15 April 2025 bond (2025 Bond) in the next LGFA bond … on Monday 13th June 2016 via the standard announcement of tender details that is made two days prior to a tender. A … Bond will constitute direct, unsecured debt obligations of LGFA. Further information in relation to the 2025 Bond …NewsFitch Upgrade LGFA Long Term Foreign-Currency Rating to AA+
… Long-Term Foreign-Currency Issuer Default Rating (IDR) of “AA” to Positive from Stable. Fitch have revised the … the Fitch methodology the LGFA IDR is equalized to that of the New Zealand Government. There is no change to the Long-Term Local-Currency IDR of “AA+” with Stable Outlook. A copy of the Fitch report is …News