New Zealand Local Government Funding Agency (LGFA) is contemplating the issuance of a new 15 April 2025 bond (2025 Bond) in the next LGFA bond tender scheduled for Wednesday 15th June 2016. Formal confirmation will be given on Monday 13th June 2016 via the standard announcement of tender details that is made two days prior to a tender.
A new 2025 Bond will allow LGFA to provide long dated funding to New Zealand councils to better match their long dated assets. The 2025 Bond will constitute direct, unsecured debt obligations of LGFA.
Further information in relation to the 2025 Bond will be set out in the series notice, which is expected to be released on Tuesday 14th June 2016 as part of the standard announcement of tender details. The series notice will be available on our website http://lgfa.co.nz/for-investors/lgfa-bonds
For further information on LGFA visit the website www.lgfa.co.nz or contact:
Mark Butcher, Chief Executive
Telephone 021 223 6573