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Filter search resultsBest 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 …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 …NewsAnnouncement of LGFA Bond Tender 100
… NZX Announcement 03 July 2023 ANNOUNCEMENT OF LGFA BOND TENDER 100 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 100: Tender date: 05 July 2023 Bids open on … the relevant series notice. 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 …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 … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsLGFA Quarterly Funding Update to Investors and Revised FY26 Borrowing Programme – March 2026
… Borrowing Programme – March 2026 Due to our high levels of liquidity and less than expected council borrowing in the … billion. We have undertaken NZ$2.14 billion equivalent of long dated funding for the nine-month period to 31 March … Borrowing Programme, we expect to hold NZD bond tenders of NZ$150 million each in May and June 2026. ENDS Released …NewsAnnouncement of LGFA Bond Tender 96
… NZX Announcement 30 January 2023 ANNOUNCEMENT OF LGFA BOND TENDER 96 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 96: Tender date: 01 February 2023 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsAnnouncement of LGFA Bond Tender 119
… NZX Announcement 30 May 2025 ANNOUNCEMENT OF LGFA BOND TENDER 119 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 119: Tender date: 04 June 2025 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsShareholders Council
… from the Council Shareholders and the Crown. The role of the Shareholders' Council comprises the following: Review and report performance of LGFA and the Board; Recommendations to Shareholders as to the appointment, removal, replacement and remuneration of directors; Recommendations to Shareholders as to any …PageCraig Stobo
… reports to the New Zealand Government on the Taxation of Investment Income (which led to the PIE regime), and the creation of New Zealand as a funds domicile. Craig is a Taumata of the University of Otago Business School. …PersonLGFA confirms Issue Price, Interest Rate and Issuance Yield
… Limited announced today that it will issue NZ$ 1.1 billion of unsecured, unsubordinated, fixed rate bonds maturing 15 … Bonds has been set at 1.46% per annum, based on a Margin of 0.78% per annum as previously announced. The … formula in the Series Notice) as 1.00228990 per Bond. All of the Bonds have been allocated to participants (or their …NewsNeil Bain
… 2012. Neil was previously at The Treasury as the Head of Accounting and Transactional Services for the New Zealand … Prior to NZDMO, Neil worked for the Reserve Bank of NZ in a variety of roles including financial markets risk policy, financial …PersonNotification of Allotment of Securities - Tender 69
… NZX Announcement Notification of allotment of securities - Tender 69 Pursuant to Listing Rule 3.13.1, … Notification of Allotment of Securities - Tender 69 …NewsAnnouncement 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 …NewsPress 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, …NewsAnnouncement 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 …NewsUpdated List of LGFA Guarantors
… 19 March 2025 Please find attached an updated list of LGFA guarantors as at 19 March 2025. S&P Global Ratings … by one notch its ratings on 18 councils. Outlooks on three of these councils are negative. Outlooks on the remaining 15 … Council Whanganui District Council ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …NewsLGFA Statement of Intent 2019-2020
… The LGFA is pleased to release the 2019-2020 Statement of Intent , required under the Local Government Act 2002 for … Shareholders by 30th June 2019. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark … LGFA Statement of Intent 2019-2020 …News