| NZX Announcement 21 February 2022 Increase in maximum tranche size and updated LGFA bond tender schedule INCREASE IN MAXIMUM TRANCHE SIZES ON LGFA BONDS TO $2 BILLION LGFA has decided to increase the maximum tranche size on each LGFA bond from $1.75 billion to $2 billion. This excludes the $100 million of Treasury Stock per tranche that is allocated to LGFA and held for bond lending purposes. LGFA has decided to increase the maximum tranche size following a review of its investor base and primary and secondary market activity in LGFA bonds. In lifting the cap, LGFA recognises the increase in breadth and depth of the investor base and seeks to meet the needs of investors for highly liquid bond tranches. UPDATED LGFA BOND TENDER SCHEDULE FOR 2022 CALENDAR YEAR The list of upcoming tender dates for LGFA bonds for the 2022 calendar year have been updated to the LGFA website www.lgfa.co.nz/bonds-issuance LGFA may also consider replacing one or more tenders with a syndicated offering of bonds during the 2022 calendar year. ENDS Released on behalf of New Zealand 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 |