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  • Best Practices in Council Financial Management

    … New Zealand Local Government sector with almost 90% share of sector lending to sixty-four councils with loans outstanding to the sector as at 30 June 2019 of $9.3 billion. LGFA undertakes an ongoing review of each individual council borrowers’ financial position and …
    News
  • Announcement 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 …
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  • Philip Cory-Wright

    … Philip is a solicitor of the High Court of New Zealand and Victoria. He has worked as a corporate …
    Person
  • LGFA 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 …
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  • Press 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 …
    News
  • Fitch 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
  • LGFA 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 …
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  • Press 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 …
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  • Press Release: LGFA contemplate issuing new April 2027 bond

    … Funding Agency (LGFA) is contemplating the issuance of a new 15 April 2027 bond (2027 Bond) in the next LGFA bond … on Monday 9th March 2015 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 2027 Bond …
    News
  • Press Release: LGFA fixed rate bond offer: Bookbuild update 1

    … unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … is set out below. Bookbuild orders As at 5pm NZT in excess of NZ$650,000,000 (including NZ$50,000,000 of Bonds reserved …
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  • LGFA confirms Issue Price, Interest Rate and Issuance Yield

    … Limited announced today that it will issue NZ$500,000,000 of unsecured, unsubordinated, fixed rate bonds maturing 20 … Bonds has been set at 1.687% per annum, based on a Margin of 0.48% per annum as previously announced.  The Issue/Settlement Price (which includes 128 days of accrued interest) has been determined (using the formula …
    News
  • Announcement of LGFA Bond Tender 76

    … NZX Announcement 10 November 2020 ANNOUNCEMENT OF LGFA BOND TENDER 76 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 76: Tender date: 12 November 2020 Bids open on … April 2025 Coupon: 2.75% Amount Offered: NZD 110,000,000 (of which NZD 50,000,000 is reserved for subscription by LGFA) …
    News
  • Press Release: LGFA fixed rate bond offer: Bookbuild update 2

    … unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … set out below.   Bookbuild orders As at 10am NZT in excess of NZ$900,000,000 (including NZ$50,000,000 of Bonds reserved …
    News
  • Press Release: Highlighting Recent Achievements December 2012

    … LGFA is pleased to announce a number of recent achievements that provide a strong platform for … Whakatane District Council This brings the total number of shareholders in LGFA to 31, comprising 30 participating … Zealand Government. It is also pleasing to note that eight of these new shareholders borrowed from us at our final bond …
    News
  • LGFA fixed rate bond offer: Bookbuild update 1

    … 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 4.00 pm NZT in excess of NZ$600,000,000 within the revised indicative Margin range …
    News
  • LGFA’s Carbon Footprint

    … eliminate emissions, these are offset through the purchase of high-impact carbon credits from a Gold Standard-certified … Toitū certifications meet and exceed the requirements of ISO standards and ensure consistent and comprehensive … is accredited by the Joint Accreditation System of Australia and New Zealand (JAS-ANZ).   LGFA directors are …
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  • LGFA launches fixed rate sustainable financing bond offer

    … to be 4.50% 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 Sustainable Financing Bonds until its January 2025 … expected to be quoted on the NZX Debt Market. Full details of the Sustainable Financing Bond offer is contained in the …
    News
  • The United Nations Sustainable Development Goals

    … New Zealand, comprise 17 goals and 169 targets. As part of our commitment to sustainability, LGFA will seek to … its GBP and SBP to the UN SDGs to provide a broad frame of reference by which parties can evaluate the financing objectives of a green bond or social bond against the UN SDGs. LGFA has …
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  • LGFA Future Director Appointment

    … Directors programme, effective 1 August 2025 for a period of 18 months. Bruce is currently Deputy CEO of Hastings District Council with direct responsibilities for … to appoint Bruce as a Future Director from a shortlist of outstanding candidates. His extensive experience across …
    News
  • LGFA launches Climate Action Loans for Councils and CCOs

    … LGFA is pleased to announce the launch of its Climate Action Loan Lending Programme for council and … Loans (CALs). Offering CALs will align to LGFA’s aim of displaying leadership to the sector on sustainable lending … to access GSS loans. As at December 2022, NZ$543 million of GSS Loans have been approved by LGFA, with NZ$101 million …
    News
  • Wellington City Council and Tauranga City Council approved for Climate Action Loans (CALs)

    … 57% between FY21 and FY30, and a separate target that 2/3 of their supplier emissions will have adopted science-based … in 2018 and has since then achieved a 27% reduction of Scope 1 and 2 emissions (including CCOs and wastewater … Loans (GSS). As at 4th April 2024, NZ$1,784.7 million of CALs Loans, and NZ$377.2m of GSS loans have been approved …
    News
  • Updated List of LGFA Guarantors

    … 06 November 2024 Please find attached an updated list of LGFA guarantors as at 06 November 2024. Hauraki District Council have been assigned a credit rating of 'AA-' with a Stable Outlook by Fitch Ratings.   ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 64

    … NZX Announcement  10 June 2019  ANNOUNCEMENT OF LGFA BOND TENDER 64  New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 64:  Tender date: 12 June 2019  Bids open on … the relevant series notice.  ENDS  Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 93

    … NZX Announcement 05 September 2022 ANNOUNCEMENT OF LGFA BOND TENDER 93 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 93: Tender date: 07 September 2022 Bids open … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 94

    … NZX Announcement 07 November 2022 ANNOUNCEMENT OF LGFA BOND TENDER 94 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 94: Tender date: 09 November 2022 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 83

    … NZX Announcement 10 August 2021 ANNOUNCEMENT OF LGFA BOND TENDER 83 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 83: Tender date: 12 August 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • LGFA Notification of Allotment of Securities - Tender 64

    … NZX Announcement  Notification of allotment of securities - Tender 64  Pursuant to Listing Rule 7.12.1, … 2019  Allotment Date: 17 June 2019 … LGFA Notification of Allotment of Securities - Tender 64 …
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  • LGFA Notification of Allotment of Securities - Syndication

    … NZX Announcement  LGFA Notification of allotment of securities  Pursuant to Listing Rule 7.12.1, New Zealand … 2019  Allotment Date: 15 March 2019 … LGFA Notification of Allotment of Securities - Syndication …
    News
  • Announcement of LGFA Bond Tender 91

    … NZX Announcement 04 July 2022 ANNOUNCEMENT OF LGFA BOND TENDER 91 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 91: Tender date: 06 July 2022 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • LGFA Statement of Intent 2021-2022

    … NZX Announcement 30 June 2021 LGFA 2021-22 STATEMENT OF INTENT LGFA has released to shareholders its 2021-2022 Statement of Intent (SOI) as required under the Local Government Act 2002. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Press Release: LGFA Credit Rating Affirmed by Standard and Poors' at 'AA+/A-1+'

    … country. S&P placed the short and long-term credit ratings of ten institutions, including LGFA, under criteria … change in methodology. S&P have now completed the review of the ratings of LGFA and have affirmed the 'AA+' long-term local currency, …
    News
  • Announcement of LGFA Bond Tender 80

    … NZX Announcement 13 April 2021 ANNOUNCEMENT OF LGFA BOND TENDER 80 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 80: Tender date: 15 April 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News