Announcement of LGFA Bond Tender 72

NZX Announcement
29 May 2020
ANNOUNCEMENT OF LGFA BOND TENDER 72

New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 72:
Tender date: 03 June 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: 08 June 2020

LGFA Bonds Intended to be Offered

Ticker Code: LGF090
ISIN: NZLGFDT010C8
Maturity Date: 14 April 2022
Coupon: 2.75%
Amount Offered: NZD 50,000,000

Ticker Code: LGF100
ISIN: NZLGFDT011C6
Maturity Date: 15 April 2024
Coupon: 2.25%
Amount Offered: NZD 110,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA)

Ticker Code: LGF110
ISIN: NZLGFDT012C4
Maturity Date: 20 April 2029
Coupon: 1.50%
Amount Offered: NZD 110,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA)

Ticker Code: LGF080
ISIN: NZLGFDT009C0
Maturity Date: 14 April 2033
Coupon: 3.50%
Amount Offered: NZD 30,000,000

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.

The LGFA Bonds reserved for subscription by LGFA will be used as Treasury Stock to provide for bond lending under the LGFA Bond Lending Facility.


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

29 May 2020