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
email@example.com/04 974 6744