LGFA fixed rate bond offer closes

NZX Announcement
09 April 2020

New Zealand Local Government Funding Agency Limited (LGFA) today announced that following the successful bookbuild process for its offer of unsecured, unsubordinated, fixed rate bonds with a maturity date of 15 April 2026 (Bonds), it has set the issue size at NZ$ 1.1 billion.

The Margin for the Bonds has been set at 0.78% per annum.

The Issuance Yield, Coupon/Interest Rate and Issue/Settlement Price will be announced shortly.

All of the Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool.

The Bonds are expected to be issued on 15 April 2020. The Bonds are expected to be quoted on the NZX Debt Market on 16 April 2020 under the ticker code LGF120.

Joint Lead Managers

Phone: 0800 269 476

Bank of New Zealand
Phone: 0800 284 017

Phone: 0800 272 266

Westpac Banking Corporation
Phone: 0800 942 822

For all investor relations and media queries, please contact:

Mark Butcher, Chief Executive
mark.butcher@lgfa.co.nz/04 974 6744

9 Apr 2020