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Filter search resultsLGFA 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 …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 …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 …NewsFitch Revise LGFA Long Term Foreign Currency Outlook
… Long-Term Foreign-Currency Issuer Default Rating (IDR) of “AA” to Positive from Stable. Following the change to … have today placed the “AA” Long Term Foreign Currency IDR of LGFA on Positive Outlook. This reflects the strong credit … There is no change to the Long-Term Local-Currency IDR of “AA+” with Stable Outlook for either the New Zealand …NewsLGFA 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 …NewsPress 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 …NewsAnnouncement 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) …NewsPress 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 …NewsSustainable Financing Bonds
… and manage sustainable financing bonds, the net proceeds of which will be notionally allocated to a pool of Sustainable Loans (the pool may comprise either Green and … Loans are loans made by LGFA that help create alignment of LGFA’s lending activities with social and environmental …PageLGFA approves third GSS Loan to Tauranga City Council
… security a secondary bund will be built at the rear of Tauranga’s reserve area adjacent to the railway line to protect the high value building assets of the CBD, without impacting the visual amenity of the reserve. The location and simple form of the rear bund …NewsLocal Government Sector Climate Scenarios
… Funding Agency (LGFA) proudly supports the creation of climate scenarios designed specifically for the local … local government sector to build a shared understanding of how climate change could impact their ability to deliver … services to communities over time is an important part of this work. As the sponsor of these sector climate …PagePress 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 …NewsLGFA 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 …NewsLGFA’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 …PageLGFA 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 …NewsThe 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 …PageLGFA 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 …NewsLGFA 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 …NewsWellington 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 …NewsLGFA Draft Statement of Intent 2019-2020
… The LGFA Draft Statement of Intent 2019-2020 is available … LGFA Draft Statement of Intent 2019-2020 …NewsAnnouncement of LGFA Bond Tender 79
… NZX Announcement 08 March 2021 ANNOUNCEMENT OF LGFA BOND TENDER 79 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 79: Tender date: 10 March 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsAnnouncement of LGFA Bond Tender 92
… NZX Announcement 08 August 2022 ANNOUNCEMENT OF LGFA BOND TENDER 92 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 92: Tender date: 10 August 2022 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsLGFA Amendments to Foundation Policies
… during its annual meeting on 21 November 2019. A copy of the amended foundation policies is attached. The … treasury policy limits given the increase in the size of LGFA's balance sheet; • permitting LGFA to lend money … the amended foundation policy, as at the date of this announcement: • LGFA only lends to local authorities …NewsNotification of Allotment of Securities - Tender 65
… NZX Announcement Notification of allotment of securities - Tender 65 Pursuant to Listing Rule 7.12.1, … Notification of Allotment of Securities - Tender 65 …NewsUpdated 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 …NewsAnnouncement of LGFA Bond Tender 85
… NZX Announcement 08 November 2021 ANNOUNCEMENT OF LGFA BOND TENDER 85 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 85: Tender date: 10 November 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsUpdated List of LGFA Guarantors
… 01 July 2025 Please find attached an updated list of LGFA guarantors as at 01 July 2025. Gore 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 …NewsDavid Rae
… David is a co-owner of an investment consulting firm, MyFiduciary Ltd, which … and past roles as an investment trustee and as a director of regulated utilities in the gas and transport sectors both … David has an M.Sc in Economics from the London School of Economics, and a B.Soc.Sci (Hons) in Economics and Physics …PersonUpdated List of LGFA Guarantors
… 29 June 2022 Please find attached an updated list of LGFA guarantors as at 29 June 2022. Horowhenua District Council have been assigned a credit rating of AA- with a stable outlook by S&P Global Ratings. They were … rated as A+ with a stable outlook. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsNotification of Allotment of Securities - Tender 68
… NZX Announcement Notification of allotment of securities - Tender 68 Pursuant to Listing Rule 7.12.1, … Notification of Allotment of Securities - Tender 68 …NewsPress Release: LGFA Placed on Credit Observation by Standard and Poors'
… S&P have placed the short and long term credit ratings of ten institutions, including LGFA, under criteria … UCO identifier will remain in place until the conclusion of the review under the changed criteria. S&P expect the review of ratings as a result of the new criteria to be completed …NewsPhilip Cory-Wright
… Philip is a solicitor of the High Court of New Zealand and Victoria. He has worked as a corporate … in the energy and infrastructure sectors. He was a member of the Local Government Infrastructure Expert Advisory Group …Person