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Filter search resultsLGFA scoops a record five awards at KangaNews 2023 Awards
… New Zealand Issuer of the Year New Zealand Dollar Rates Bond Deal of the Year New … including issuers, investors, and intermediaries. In the sixteen-year history of the Awards, no issuer has … announced | KangaNews … LGFA scoops a record five awards at KangaNews 2023 Awards …NewsLGFA sustainable financing bond offer: Bookbuild update 1
… 2030 (Sustainable Financing Bonds) Bookbuild orders: As at 2:45 pm NZT in excess of NZ$945 million within the indicative Margin below (including NZ$100 million of …NewsLGFA fixed rate bond offer: Bookbuild update 1
… to institutional and New Zealand retail investors, with the ability to accept unlimited oversubscriptions at LGFA's discretion. Full details of the Bond offer are … on 11 May 2021. The bookbuild process is underway. An update is set out below. Bookbuild Orders As at 4.00 pm …NewsLGFA sustainable financing bond offer: Bookbuild update 2
… May 2030 (Sustainable Financing Bond) Bookbuild orders: As at 4:45pm NZT in excess of NZ$1,185 million within the prior indicative Margin range below (including NZ$100 …NewsLGFA fixed rate bond offers: Bookbuild update 1
… April 2026) NZX ticker code: LGF120 Bookbuild orders: As at 4.45pm NZT in excess of NZ$740 million (including NZ$230 million trading interest from the Joint Lead Managers). Indicative Margin: The indicative …NewsClimate Action Loans
… issues. A CAL rewards a borrower through a margin discount if that borrower has adopted an Emission Reduction Plan (ERP) and the ERP sets out … to a borrower’s operational greenhouse gas emissions at member council or CCO level. CALs are targeted to all …PageMark Butcher
… Mark was appointed Chief Executive of the New Zealand Local Government Funding Agency effective 1 August 2014. His prior role was Treasurer at Auckland Council since establishment in November 2010. Formerly he has held senior trading and …PersonLGFA confirms Issue Price, Interest Rate and Issuance Yield
… Funding Agency Limited (LGFA) announced today that it will issue NZ$800 million of unsecured, unsubordinated, fixed … maturing 14 May 2032 (Sustainable Financing Bonds), with the details listed below. Issue size: NZ$800 million Coupon/Interest Rate: 4.50% per annum Issuance Yield: 4.581% per annum, based on a …NewsSustainable Financing Bonds
… LGFA to issue bonds that are notionally allocated to the Sustainable Loans on LGFA’s balance sheet; and advance the market for sustainable finance by providing an innovative opportunity for investors to support council … to issue and manage sustainable financing bonds that will be notionally allocated to a pool of Sustainable Loans …PagePress Release: LGFA Placed on Credit Observation by Standard and Poors'
… immediately place credit ratings potentially affected by the change on methodology “under criteria observation”. As a … LGFA, under criteria observation (UCO). The UCO identifier will remain in place until the conclusion of the review under … the review of ratings as a result of the new criteria to be completed within six months. Mark Butcher, Chief Executive …NewsPress Release: Amendment to Operating Rules and Guidelines for LGFA Tenders
… to Operating Rules and Guidelines for LGFA Tenders The Operating Rules and Guidelines for LGFA Securities … the settlement date for LGFA bonds issued in the tender will be 15 April 2015 (T+5). This is to coincide with the maturity …NewsDavid Rae
… David is a co-owner of an investment consulting firm, MyFiduciary Ltd, which … including charitable trusts and iwi. His background is in economic policy and investing, having worked for the NZ Superannuation Fund and the OECD. He has held current …PersonLGFA Credit Ratings affirmed by Fitch Ratings at AA+ (Outlook Stable)
… October 2024 LGFA CREDIT RATINGS AFFIRMED BY FITCH RATINGS at AA+ (STABLE OUTLOOK). On 14 October 2024, Fitch Ratings … Government Funding Agency (“LGFA”) at 'AA+' and affirmed the short-term ratings at 'F1+'. All credit ratings have a … LGFA’s debt servicing, given the agency’s key policy role in providing the majority of local government financing. …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings AA+/AAA
… 2024 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 28 February 2024, S&P Global Ratings affirmed … foreign-currency and 'AAA' local-currency and affirmed the short-term ratings at 'A-1+'. All credit ratings have a … market position as a source of financing for councils and an extremely high likelihood that extraordinary financial …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… Government Funding Agency Limited announced today that it will issue NZ$1,100 million of unsecured, unsubordinated … maturing 15 May 2030 (Sustainable Financing Bonds), with the details listed below. Issue size: NZ$1,100 million. Coupon/Interest Rate: 4.50% per annum. Issuance Yield: 4.760% per annum, based on a …NewsAnnouncement of LGFA Bond Tender 71
… on Yieldbroker: 2.00pm Results: Available from 2.15pm on the tender date on LGFA website … 2.75% Amount Offered: NZD 100,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA) Ticker Code: … money is currently being sought and no bids for LGFA Bonds will be accepted until bids open on Yieldbroker and tender …NewsSustainability
… to continuously improve sustainability outcomes within the company as well as assisting the local government sector … their sustainability and climate change objectives. LGFA will promote sustainability within our company and assist the … and visitors. By extension, these investments form an important element of LGFA’s sustainability context. LGFA …PageLGFA Undertakes First Climate Action Loans
… A CAL rewards a borrower through a margin discount if that borrower has adopted an Emission Reduction Plan (ERP) which sets out specific … to a borrower’s operational greenhouse gas emissions at council or CCO level. CALs are targeted to all borrowers, …NewsLGFA’s Carbon Footprint
… measure our greenhouse gas (GHG) emissions and put in place strategies to manage and reduce impacts. We are very … achieved Toitū net carbonzero certification in June 2021. The Toitū certification recognises the processes LGFA has put … environmental impact. Read more about our certification at the Toitū Envirocare website. … LGFA’s Carbon Footprint …PageAlan Adcock
… Alan has over 35 years’ experience in the financial services and local government sectors at executive level, with over twenty years in banking, … together to turn the concept into reality in 2011. He was an inaugural member of the Shareholders’ Council, which he …PersonLGFA release Draft SOI 2024-27/Forecast Borrowing Programme
… 2024-34 Long Term Plans (and borrowing forecasts). LGFA will update the market as assumptions relating to the water reform change. The Draft SOI outlines an assumed bond issuance programme of: FY25 NZ$5.25 billion … opportunity to prefund some of FY25 borrowing requirement if market conditions are supportive. ENDS Released on …NewsLGFA Quarterly Funding Update - March 2024
… current 2023-24 financial year has been NZ$4.7 billion. We will next provide an issuance programme update when we release the 2024-27 Final Statement of Intent at the end of June 2024. ENDS Released on behalf of NZ …NewsLGFA SOI 2024-27 and Forecast Borrowing Programme
… NZX Announcement 25 June 2024 LGFA releases the 2024-27 Statement of Intent, announces bond issuance … (excluding treasury stock) for the next three years will be: FY25 NZ$5.4 billion FY26 NZ$5.5 billion FY27 NZ$5.9 …NewsIncrease in LGFA Treasury Stock
… be held as Treasury Stock. For each series of Bonds, LGFA will increase its holding by $50 million, from the current $100 million to $150 million. … the increased trading activity in Bonds that has led to an increased borrowing demand by banks. ENDS Released on …NewsGSS Loan Application Forms
… loan application forms for each applicable category under the GSS lending programme. LGFA are happy to assist in answering any questions on the GSS criteria or process for … for all social project categories Excluded Categories can be found in Clause 3.6 of the LGFA Green, Social and …PageLGFA receives carbonzero certification
… Where LGFA are unable to eliminate future emissions, these will be offset through the purchase of high-impact carbon credits from a Gold … our first target being to cut per employee emissions by at least 30% by 2030. LGFA recognizes the importance of …NewsLGFA Draft SOI 2025-28 and Forecast Borrowing Programme
… of Intent 2025-28 and Forecast Borrowing Programme Under the Local Government Act 2002, LGFA is required to publish a … regarding their borrowing activity. The Draft SOI outlines an assumed bond issuance programme of: FY26 NZ$5.1 billion FY27 NZ$5.0 billion FY28 NZ$5.0 billion LGFA will advise the market of any changes to the forecast bond …NewsPress Release: LGFA Credit Rating Affirmed by Standard and Poors' at 'AA+/A-1+'
… LGFA CREDIT RATING AFFIRMED BY STANDARD AND POORS AT 'AA+/A-1+' AND REMOVED FROM UNDER CRITERIA OBSERVATION On … provide cost-efficient funding to public sector entities in their domicile country. S&P placed the short and long-term credit ratings of ten institutions, …NewsMaya Ranzinger
… 2020. Her focus lies in data analysis and optimisation. At the same time, Maya is working toward a double bachelor … University of Technology on two scholarships, and is an Executive Member of the University’s Investment Club. …PersonLGFA Credit Ratings Affirmed by S&P Global Ratings at AA+/AAA
… 2023 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 02 March 2023, S&P Global Ratings affirmed … foreign-currency and 'AAA' local-currency and affirmed the short-term ratings at 'A-1+'. All credit ratings have a … This reflects the view by S&P Global Ratings that there is an extremely high likelihood the New Zealand government would …NewsLGFA Credit Ratings Affirmed by S&P Global Ratings at AA+/AAA
… 2022 LGFA CREDIT RATINGS AFFIRMED BY S&P GLOBAL RATINGS at AA+/AAA On 3 March 2022, S&P Global Ratings affirmed their … foreign-currency and 'AAA' local-currency and affirmed the short-term ratings at 'A-1+'. All credit ratings have a … This reflects the view by S&P Global Ratings that there is an extremely high likelihood the New Zealand government would …NewsAnnouncement of LGFA Bond Tender 76
… on Yieldbroker: 2.00pm Results: Available from 2.15pm on the tender date on LGFA website … 2.75% Amount Offered: NZD 110,000,000 (of which NZD 50,000,000 is reserved for subscription by LGFA) Ticker Code: … money is currently being sought and no bids for LGFA Bonds will be accepted until bids open on Yieldbroker and tender …News