Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct Regulations 2014
New Zealand Local Government Funding Agency Limited ("LGFA") gives notice under clause 20(1)(a) of schedule 8 of the Financial Markets Conduct Regulations 2014 ("Regulations") that it proposes to make an offer for the issue of fixed rate sustainable financing bonds due 15 May 2030 ("Sustainable Financing Bonds") in reliance upon the exclusion in clause 19 of schedule 1 of the Financial Markets Conduct Act 2013 ("FMCA").
The main terms of the offer and the Bonds are set out in the attached Series Notice. The Sustainable Financing Bonds will form part of the same series (and will have identical rights, privileges, limitations and conditions) as LGFA's fixed rate sustainable financing bonds maturing on 15 May 2030 with an interest rate of 4.50% per annum, which are quoted on the NZX Debt Market under the ticker code LGF170 ("LGF170 Bonds"). The Sustainable Financing Bonds are therefore of the same class as the LGF170 Bonds for the purposes of the FMCA and the Regulations. The LGF170 Bonds have been continuously quoted on the NZX Debt Market over the preceding 3 months.
As at the date of this notice, LGFA is in compliance with:
a) the continuous disclosure obligations that apply to it in relation to the LGF170 Bonds; and
b) its financial reporting obligations (as defined in the Regulations).
As at the date of this notice, there is no excluded information required to be disclosed for the purposes of the Regulations.
