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  • Providing diversified funding sources for NZ local authorities

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  • News and market announcements

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  • Bond issuance

    Upcoming tender dates for LGFA bonds (please note these dates are subject to change)
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  • Bill issuance

    Upcoming tender dates for LGFA bills (please note these dates are subject to change)
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  • About LGFA

    The New Zealand Local Government Funding Agency (LGFA) is a Council-Controlled Organisation (CCO) operating under the Local Government Act 2002. 
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  • Enabling legislation

    LGFA was incorporated as a limited liability company under the Companies Act 1993 on 1 December 2011, following the enactment of the Local Government Borrowing Act 2011.
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  • Our story

    Several attempts to establish a collective borrowing vehicle for the local government sector in New Zealand were made in the 1980s and 1990s.
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  • Site map

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  • Governance

    The LGFA governance structure comprises the New Zealand Government (20%) and thirty councils (80%), the LGFA Shareholders Council and the LGFA Board of Directors.
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  • LGFA shareholders

    Shareholders As at 30 June 2020, LGFA had 45 million ordinary shares on issue (valued at NZ$1 each), 20 million of which remain uncalled. There are currently 31 shareholders, comprising:
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  • Shareholders Council

    The LGFA Shareholders Council comprises five to ten appointees from the Council Shareholders and the Crown. The role of the Shareholders' Council comprises the following:
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  • Board of Directors

    The LGFA Board comprises independent and non-independent directors, the majority of which are required to be independent directors appointed by shareholders.
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  • Sector standard page - content elements

    WYSIWYG stands for What-You-See-Is-What-You-Get - an editor interface that allows you to view something very similar to the end result while you create your content.
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  • Risk management

    LGFA recognises that an effective risk management framework is a critical part of its business structure.
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  • Useful links

    Useful resources to help you learn more about New Zealand, the New Zealand local government sector and our international counterparts.
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  • Investors

    The LGFA provides investors with a source of securities rated at AAA and AA+ (domestic long term) by international credit rating agencies S&P Global Ratings and Fitch Ratings respectively. These ratings are the same as the New Zealand G
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  • Investor and quarterly funding updates

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  • Investor information

    New Zealand Local Government Funding Agency Investor Information.
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  • Sustainability

    LGFA seeks to continuously improve sustainability outcomes within the company as well as assisting the local government sector in achieving their sustainability and climate change objectives.
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  • Sustainability at LGFA

    LGFA seeks to continuously improve sustainability outcomes within the company as well as assisting the local government sector in achieving their sustainability and climate change objectives.
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  • Guarantee arrangements

    LGFA's debt obligations are guaranteed by its council shareholders and borrower and guarantor councils.
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  • LGFA’s Carbon Footprint

    By partnering with Toitū Envirocare, LGFA has been able to accurately measure our greenhouse gas (GHG) emissions and put in place strategies to manage and reduce impacts.
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  • Global Reporting Initiative

    LGFA has chosen to prepare its annual report in accordance with the Global Reporting Initiative (GRI) Standards (core option).
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  • Health & Safety

    LGFA is committed to providing a safe and healthy working environment for all employees.
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  • Green, Social & Sustainability Loans

    A commitment to assist councils and council-controlled organisations finance projects that promote environmental and social wellbeing in New Zealand.
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  • Credit ratings

    LGFA securities are rated at AAA (domestic long term) by international credit rating agencies S&P Global Ratings (outlook "stable") and AA+ by Fitch Ratings (outlook "stable").
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  • GSS Loan Application Forms

    There are separate GSS loan application forms for each applicable category under the GSS lending programme.
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  • LGFA Sustainability Committee

    The LGFA Sustainability Committee provides advice and recommendations on sustainability issues within LGFA and its borrowing and lending activities.
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  • The United Nations Sustainable Development Goals

    The United Nations’ Sustainable Development Goals (UN SDGs), which were adopted in 2015 by 193 countries including New Zealand, comprise 17 goals and 169 targets.
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  • Annual reports and Statement of Intent

    LGFA External Financial Reports and Statement of Intent
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  • Contact us

    Postal address P.O. Box 5704 Lambton Quay Wellington 6145  Office Hours Monday through Friday, 09.00-17.00 hrs. Except Public Holidays Main Phone +64 4 974 6530
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