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  • Best Practices in Council Financial Management

    … New Zealand Local Government sector with almost 90% share of sector lending to sixty-four councils with loans outstanding to the sector as at 30 June 2019 of $9.3 billion. LGFA undertakes an ongoing review of each individual council borrowers’ financial position and …
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  • LGFA Quarterly Funding Update – September 2023

    … by $300 million to $4.5 billion (excluding any issuance of Treasury Stock). This reflects the higher amount of council and CCO lending by LGFA in the September quarter of $1.22 billion and following on from June quarter council …
    News
  • LGFA confirms Issue Price, Interest Rate and Issuance Yield

    … Limited announced today that it will issue NZ$500,000,000 of unsecured, unsubordinated, fixed rate bonds maturing 20 … Bonds has been set at 1.687% per annum, based on a Margin of 0.48% per annum as previously announced.  The Issue/Settlement Price (which includes 128 days of accrued interest) has been determined (using the formula …
    News
  • Press Release: LGFA fixed rate bond offer: Bookbuild update 1

    … unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … is set out below. Bookbuild orders As at 5pm NZT in excess of NZ$650,000,000 (including NZ$50,000,000 of Bonds reserved …
    News
  • Announcement of LGFA Bond Tender 76

    … NZX Announcement 10 November 2020 ANNOUNCEMENT OF LGFA BOND TENDER 76 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 76: Tender date: 12 November 2020 Bids open on … April 2025 Coupon: 2.75% Amount Offered: NZD 110,000,000 (of which NZD 50,000,000 is reserved for subscription by LGFA) …
    News
  • Press Release: LGFA fixed rate bond offer: Bookbuild update 2

    … unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … set out below.   Bookbuild orders As at 10am NZT in excess of NZ$900,000,000 (including NZ$50,000,000 of Bonds reserved …
    News
  • Press Release: Highlighting Recent Achievements December 2012

    … LGFA is pleased to announce a number of recent achievements that provide a strong platform for … Whakatane District Council This brings the total number of shareholders in LGFA to 31, comprising 30 participating … Zealand Government. It is also pleasing to note that eight of these new shareholders borrowed from us at our final bond …
    News
  • LGFA fixed rate bond offer: Bookbuild update 1

    … unsubordinated, fixed rate bonds with a maturity date of 15 April 2026 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA’s discretion. Full details of the Bond offer are contained in the Series Notice which … out below. Bookbuild orders As at 4.00 pm NZT in excess of NZ$600,000,000 within the revised indicative Margin range …
    News
  • LGFA launches Climate Action Loans for Councils and CCOs

    … LGFA is pleased to announce the launch of its Climate Action Loan Lending Programme for council and … Loans (CALs). Offering CALs will align to LGFA’s aim of displaying leadership to the sector on sustainable lending … to access GSS loans. As at December 2022, NZ$543 million of GSS Loans have been approved by LGFA, with NZ$101 million …
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  • Wellington City Council and Tauranga City Council approved for Climate Action Loans (CALs)

    … 57% between FY21 and FY30, and a separate target that 2/3 of their supplier emissions will have adopted science-based … in 2018 and has since then achieved a 27% reduction of Scope 1 and 2 emissions (including CCOs and wastewater … Loans (GSS). As at 4th April 2024, NZ$1,784.7 million of CALs Loans, and NZ$377.2m of GSS loans have been approved …
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  • Announcement of LGFA Bond Tender 80

    … NZX Announcement 13 April 2021 ANNOUNCEMENT OF LGFA BOND TENDER 80 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 80: Tender date: 15 April 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 78

    … NZX Announcement 01 February 2021 ANNOUNCEMENT OF LGFA BOND TENDER 78 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 78: Tender date: 03 February 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Press Release: LGFA fixed rate bond offer closes

    … following the successful bookbuild process for its offer of unsecured, unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds), it has set the issue size at … and Issue/Settlement Price will be announced shortly. All of the Bonds have been allocated to participants (or their …
    News
  • Announcement of LGFA Bond Tender 86

    … NZX Announcement 13 December 2021 ANNOUNCEMENT OF LGFA BOND TENDER 86 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 86: Tender date: 15 December 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 104

    … NZX Announcement 04 December 2023 ANNOUNCEMENT OF LGFA BOND TENDER 104 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 104: Tender date: 06 December 2023 Bids open … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 73

    … NZX Announcement 06 July 2020 ANNOUNCEMENT OF LGFA BOND TENDER 73 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 73: Tender date: 08 July 2020 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 102

    … NZX Announcement 29 September 2023 ANNOUNCEMENT OF LGFA BOND TENDER 102 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 102: Tender date: 03 October 2023 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • LGFA fixed rate bond offer closes

    … following the successful bookbuild process for its offer of unsecured, unsubordinated, fixed rate bonds with a maturity date of 15 April 2026 (Bonds), it has set the issue size at NZ$ … and Issue/Settlement Price will be announced shortly. All of the Bonds have been allocated to participants (or their …
    News
  • Announcement of LGFA Bond Tender 91

    … NZX Announcement 04 July 2022 ANNOUNCEMENT OF LGFA BOND TENDER 91 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 91: Tender date: 06 July 2022 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 96

    … NZX Announcement 30 January 2023 ANNOUNCEMENT OF LGFA BOND TENDER 96 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 96: Tender date: 01 February 2023 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • LGFA Notification of Allotment of Securities - Tender 64

    … NZX Announcement  Notification of allotment of securities - Tender 64  Pursuant to Listing Rule 7.12.1, … 2019  Allotment Date: 17 June 2019 … LGFA Notification of Allotment of Securities - Tender 64 …
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  • Announcement of LGFA Bond Tender 84

    … NZX Announcement 06 September 2021 ANNOUNCEMENT OF LGFA BOND TENDER 84 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 84: Tender date: 08 September 2021 Bids open … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 85

    … NZX Announcement 08 November 2021 ANNOUNCEMENT OF LGFA BOND TENDER 85 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 85: Tender date: 10 November 2021 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 93

    … NZX Announcement 05 September 2022 ANNOUNCEMENT OF LGFA BOND TENDER 93 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 93: Tender date: 07 September 2022 Bids open … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 94

    … NZX Announcement 07 November 2022 ANNOUNCEMENT OF LGFA BOND TENDER 94 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 94: Tender date: 09 November 2022 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • LGFA fixed rate bond offer: Bookbuild update 1

    … unsubordinated, fixed rate bonds with a maturity date of 15 May 2031 (Bonds) to institutional and New Zealand … oversubscriptions at LGFA's discretion. Full details of the Bond offer are contained in the Series Notice which … out below. Bookbuild Orders As at 4.00 pm NZT in excess of NZ$630 million within the indicative Margin range below …
    News
  • Announcement of LGFA Bond Tender 100

    … NZX Announcement 03 July 2023 ANNOUNCEMENT OF LGFA BOND TENDER 100 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 100: Tender date: 05 July 2023 Bids open on … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Updated List of LGFA Guarantors

    … 18 January 2024 Please find attached an updated list of LGFA guarantors as at 18 January 2024. Far North District Council have been assigned a rating of 'AA' with a Stable Outlook by Fitch Ratings. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Updated List of LGFA Guarantors

    … 29 June 2022 Please find attached an updated list of LGFA guarantors as at 29 June 2022. Horowhenua District Council have been assigned a credit rating of AA- with a stable outlook by S&P Global Ratings. They were … rated as A+ with a stable outlook. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • Announcement of LGFA Bond Tender 74

    … NZX Announcement 07 September 2020 ANNOUNCEMENT OF LGFA BOND TENDER 74 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 74: Tender date: 09 September 2020 Bids open … the relevant series notice. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark …
    News
  • LGFA Statement of Intent 2019-2020

    … The LGFA is pleased to release the  2019-2020 Statement of Intent , required under the Local Government Act 2002 for … Shareholders by 30th June 2019.  ENDS  Released on behalf of NZ Local Government Funding Agency Limited by Mark …
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  • LGFA Bond Tender Schedule 2023-2024

    … advises the current bond tender schedule for the remainder of 2023 and first half of 2024. Please note we have changed the October 2023 tender … replacing one or more tenders with a syndicated offering of bonds. ENDS Released on behalf of Local Government Funding …
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