NZX Announcement
12 April 2023
LGFA sustainable financing bond offer: Bookbuild update 3
Sustainable Financing Bonds maturing 15 May 2030 (Sustainable Financing Bond)
Bookbuild orders:
As at 10.45am NZT in excess of NZ$1,645 million within the prior indicative
Margin range below (including NZ$100 million of Sustainable Financing
Bonds reserved for subscription by LGFA and NZ$254 million trading
interest from the Joint Lead Managers).
Based on orders to date, LGFA expects to issue at least NZ$1,000 million of
Sustainable Financing Bonds (including NZ$100 million of Sustainable
Financing Bonds reserved for subscription by LGFA).
Indicative Margin:
The indicative Margin range set out in the Series Notice was 0.61 – 0.65 per
cent per annum. As announced on 11 April 2023, based on investor
interest, the indicative Margin range was revised to 0.61 – 0.63 per cent per
annum. The indicative Margin is now revised to 0.61 per cent per annum.
Indicative Issuance Yield:
Based on the revised indicative Margin, 4.783 per cent per annum.
Closing Date:
Bids due by 1pm NZT, 12 April 2023.
ISIN: NZLGFDT020C7
This bookbuild update relates to LGFA's offer to institutional and New Zealand retail investors of the
above series of unsecured, unsubordinated fixed rate sustainable financing bonds with the maturity date
listed above.
Full details of the Sustainable Financing Bond offer is contained in the Series Notice for the Sustainable
Financing Bonds which were attached to the launch announcement on 11 April 2023
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