Announcement of LGFA Bond Tender 70

NZX Announcement
09 March 2020
ANNOUNCEMENT OF LGFA BOND TENDER 70

New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 70:
Tender date: 11 March 2020
Bids open on Yieldbroker: 1.30pm
Bids close on Yieldbroker: 2.00pm
Results: Available from 2.15pm on the tender date on LGFA website http://lgfa.co.nz/bonds-issuance#results
Settlement Date: 16 March 2020

LGFA Bonds Intended to be Offered

Ticker Code: LGF090
ISIN: NZLGFDT010C8
Maturity Date: 14 April 2022
Coupon: 2.75%
Amount Offered: NZD 60,000,000

Ticker Code: LGF050
ISIN: NZLGFDT005C8
Maturity Date: 15 April 2023
Coupon: 5.50%
Amount Offered: NZD 50,000,000

Ticker Code: LGF100
ISIN: NZLGFDT011C6
Maturity Date: 15 April 2024
Coupon: 2.25%
Amount Offered: NZD 50,000,000

Ticker Code: LGF110
ISIN: NZLGFDT012C4
Maturity Date: 20 April 2029
Coupon: 1.50%
Amount Offered: NZD 40,000,000


No money is currently being sought and no bids for LGFA Bonds will be accepted until bids open on Yieldbroker and tender participants have received the relevant series notice.

Note that the LGFA Board has increased the soft cap per LGFA bond maturity from $1.5 billion to $1.75 billion per maturity.


ENDS
Released on behalf of NZ Local Government Funding Agency Limited by Mark Butcher, Chief Executive.

Telephone +64 4 974 6744
Email mark.butcher@lgfa.co.nz
Website lgfa.co.nz

9 Mar 2020