| NZX Announcement 12 April 2023 LGFA confirms Issue Price, Interest Rate and Issuance Yield New Zealand Local Government Funding Agency Limited announced today that it will issue NZ$1,100 million of unsecured, unsubordinated fixed rate sustainable financing bonds maturing 15 May 2030 (Sustainable Financing Bonds), with the details listed below. Issue size: NZ$1,100 million. Coupon/Interest Rate: 4.50% per annum. Issuance Yield: 4.760% per annum, based on a Margin of 0.61% per annum as previously announced. Issue/Settlement Price: NZ$1.00351664 per bond as determined (using the formula in the Series Notice). Other Information All of the Sustainable Financing Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool. The Sustainable Financing Bonds are expected to be issued on 17 April 2023. The Sustainable Financing Bonds are expected to be quoted on the NZX Debt Market on 18 April 2023 under the ticker code LGF170. Arranger, Sustainability Coordinator and Joint Lead Manager Westpac Banking Corporation Phone: 0800 772 142 Joint Lead Managers ANZ Phone: 0800 269 476 BNZ Phone: 0800 275 269 CBA Phone: 0800 272 266 ENDS For all investor relations and media queries, please contact: Mark Butcher, Chief Executive mark.butcher@lgfa.co.nz / 04 974 6744 |