LGFA fixed rate bond offer closes

NZX Announcement
12 May 2021

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 May 2031 (Bonds), it has set the issue size at NZ$750 million (including NZ$100 million of Bonds reserved for subscription by LGFA). As at offer close at 2pm NZT, bookbuild orders in excess of NZ$775 million (including NZ$100 million of Bonds reserved for subscription by LGFA) at the Margin of 0.36% per annum were received.

The Margin for the Bonds has been set at 0.36% 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 17 May 2021. The Bonds are expected to be quoted on the NZX Debt Market on 18 May 2021 under the ticker code LGF140.

Arranger and Joint Lead Manager

BNZ
Phone: 0800 284 017

Joint Lead Managers

ANZ
Phone: 0800 269 476

CBA
Phone: 0800 272 266

Westpac Banking Corporation
Phone: 0800 772 142

ENDS

For all investor relations and media queries, please contact:

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

12 May 2021