NZX Announcement
02 October 2024
LGFA fixed rate sustainable financing bond offer closes
2 October 2024
New Zealand Local Government Funding Agency Limited (LGFA) today announced that it will issue the following unsecured, unsubordinated, fixed rate sustainable financing bonds (Sustainable Financing Bonds) and confirmed the issue size and Margin for the offer of the Sustainable Financing Bonds.
Sustainable Financing Bonds
Maturity Date: 14 May 2032
Issue size: NZ$800 million
Bookbuild orders: As at offer close, bookbuild orders in excess of NZ$1,080 million at the Margin of 0.91% per annum were received (including NZ$150 million of Sustainable Financing Bonds reserved for subscription by LGFA and NZ$120 million trading interest from the Joint Lead Managers)
Margin: 0.91% per annum
The Issuance Yield, Coupon/Interest Rate and Issue/Settlement Price for the Sustainable Financing Bonds will be announced shortly.
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 7 October 2024. The Sustainable Financing Bonds are expected to be quoted on the NZX Debt Market on 8 October 2024 under the ticker code LGF180.
Joint Lead Managers
ANZ
Phone: 0800 269 476
BNZ
Phone: 09 375 1391
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