Investor Presentation in relation to intended bond offers

NZX Announcement
27 July 2020

Investor presentation in relation to intended bond offers

As announced on 24 July 2020, New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 April 2037 (2037 Bonds) and an offer of an existing series of unsecured, unsubordinated fixed rate bonds maturing on 14 April 2022 (2022 Bonds, together with the 2037 Bonds, the Bonds), to institutional and New Zealand retail investors.

Attached to this announcement is a copy of an investor presentation in relation to the intended offers.

Investors can register their interest in the offer(s) by contacting the Joint Lead Managers as detailed below, or their financial advisor. Indications of interest will not constitute an obligation or commitment of any kind.

No money is currently being sought and applications for the Bonds cannot currently be made. If LGFA offers the Bonds, the offers will each be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The 2037 Bonds are expected to be quoted on the NZX Debt Market. The 2022 Bonds are a further tranche of 2022 bonds that are already quoted on the NZX Debt Market under the ticker code LGF090.

Arranger and Joint Lead Manager

Bank of New Zealand
Phone: 0800 284 017

Joint Lead Managers

Phone: 0800 269 476

Phone: 0800 272 266

Westpac Banking Corporation
Phone: 0800 942 822

For all investor relations and media queries, please contact:

Mark Butcher, Chief Executive 974 6744

27 Jul 2020