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Filter search resultsProposed Change to LGFA Foundation Policy Convenant
… CHANGE TO LGFA FOUNDATION POLICY COVENANT The board of New Zealand Local Government Funding Agency Limited (LGFA) … local authority borrowers with a long-term credit rating of 'A' equivalent or higher. The proposed changes have been … (as set out below) requires approval by a majority of shareholders. Currently, local authority borrowers with a …NewsLGFA considers bond offers
… making offers in relation to the following series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market: a) 15 … are outlined below. Investors can access a recording of this call by contacting a Joint Lead Manager as detailed …NewsLGFA considers sustainable financing bond offer
… considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate sustainable financing … April 2023. In that case, it is expected that full details of any offer of the Sustainable Financing Bonds will be released next …NewsLGFA launches fixed rate bond offers cancels April tender
… New Zealand retail investors the following existing series of unsecured, unsubordinated, fixed rate bonds with the … codes listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market and will be … million, with the ability to accept oversubscriptions of up to a further NZ$130 million at LGFA's discretion …NewsLGFA Statement of Intent 2022-25
… 30 June 2022 LGFA releases the 2022-25 Statement of Intent, announces bond issuance programme for 2022-23 and … Funding Agency (LGFA) has released its Statement of Intent (“SOI”) to shareholders that covers the three-year …NewsLGFA fixed rate bond offers close
… announced that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds (together, the … and confirmed the issue size and Margin for each offer of the Bonds. 2026 Bonds Maturity Date: 15 April 2026 Issue … orders: As at offer close, bookbuild orders in excess of NZ$955 million at the Margin of 0.25% per annum were …NewsInvestor Presentation in relation to intended bond offers
… considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 April 2037 (2037 Bonds) and an offer of an existing series of unsecured, unsubordinated fixed rate bonds maturing on 14 …NewsLGFA considers bond offers
… conditions, making offers in relation to two or three of the following existing series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market. The …NewsRBNZ Media Statement: LGFA Added to Large Scale Asset Programme
… – Expanded Large Scale Asset Purchases The Reserve Bank of New Zealand has made the following statement today. “The Reserve Bank of New Zealand has added $3 billion of Local Government Funding Agency (LGFA) debt to its …NewsLGFA Fixed Term Intern Opportunity
… 2002. LGFA’s primary purpose is to be a low-cost provider of efficient and diversified funding sources for NZ local authorities. The obligations of LGFA are guaranteed by fifty-eight councils. LGFA has assets of $13.2 billion and equity of $83.6 million as at 30 June …NewsLGFA launches fixed rate bond offers
… today that it is offering the following existing series of unsecured, unsubordinated, fixed rate bonds to … retail investors (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. 2026 Bonds … 0.73% to 0.76% per annum Other information For each series of Bonds, the Issuance Yield will be the sum of the Margin …NewsOur story
… These attempts ultimately failed, due in part to a lack of strong and unified support from local authorities. At the … authorities, on the capital markets – pricing and security of access in particular.” Hugo Ellis, Borrowing Together for … efficient funding vehicle on hand would minimise the cost of this additional borrowing. A group of nine councils …PageLGFA launches fixed rate bond offers
… today that it is offering the following existing series of unsecured, unsubordinated, fixed rate bonds to … retail investors (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. 2025 Bonds … 0.68% to 0.72% per annum Other information For each series of Bonds, the Issuance Yield will be the sum of the Margin …NewsLGFA considers bond offers, cancels 6 September 2023 tender
… making offers in relation to the following series of unsecured, unsubordinated fixed rate bonds, each of which is already quoted on the NZX Debt Market: a) 15 … 6 September 2023. Attached to this announcement is a copy of an investor presentation in relation to the potential …NewsLGFA launches fixed rate bond offers cancels October tender
… New Zealand retail investors the following existing series of unsecured, unsubordinated, fixed rate bonds with the … codes listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market and will be … Margin Range: 0.53% to 0.56% per annum For each series of Bonds, the Issuance Yield will be the sum of the Margin …NewsLGFA considers bond offer, releases investor presentation
… considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … outlined below. Attached to this announcement is a copy of an investor presentation in relation to the potential offer. It is expected that full details of the offer of the Bonds will be released next week, when …NewsLGFA launches fixed rate bond offer, cancels 21 Aug Tender
… unsubordinated, fixed rate bonds with a maturity date of 20 April 2029 (Bonds) to institutional and New Zealand … investors, with the ability to accept up to $200,000,000 of oversubscriptions at LGFA’s discretion. The … to be 1.50% per annum. The Issuance Yield will be the sum of the Margin and the Base Rate on the Rate Set Date. The …NewsLGFA credit ratings affirmed by Fitch Ratings at AA/AA+
… at AA/AA+ Fitch Ratings has affirmed the credit ratings of New Zealand Local Government Funding Agency at ‘AA’/ ‘AA+’ … Entities Rating Criteria. This reflects their appraisal of LGFA's 'Very Strong' legal status, control and oversight, 'Strong' level of historical financial support, and 'Strong' socio-political …NewsLGFA Bond Issuance Programme Update
… Agency Limited (" LGFA ”) is expecting the issuance volume of LGFA bonds for the remaining two months of the financial year (until 30 June 2020) to be $400 … programme update when it releases the Final Statement of Intent by the 30 June 2020 and intends to provide updates on …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… announced today that it will issue: a) NZ$600 million of unsecured, unsubordinated, fixed rate bonds maturing 15 April 2037 (2037 Bonds); and b) NZ$400 million of an existing series of unsecured, unsubordinated, fixed rate bonds maturing 14 …NewsLGFA credit ratings affirmed by Fitch Ratings at AA/AA+ with Outlook Positive/Stable
… Fitch Ratings has affirmed the credit ratings of New Zealand Local Government Funding Agency at ‘AA’/ ‘AA+’ … Entities Rating Criteria. This reflects their appraisal of LGFA's 'Very Strong' status regarding ownership and control, 'Strong' level of support, 'Strong' socio-political and 'Very Strong' …NewsLGFA fixed rate bond offers: Bookbuild update 1
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2037 (2037 Bonds) to institutional and New … at LGFA's discretion; and b) NZ$200 million of an existing series of unsecured, unsubordinated, fixed rate bonds with a …NewsLGFA fixed rate bond offers: Bookbuild update 2
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2037 (2037 Bonds) to institutional and New … at LGFA's discretion; and b) NZ$200 million of an existing series of unsecured, unsubordinated, fixed rate bonds with a …NewsLGFA fixed rate bond offers: Bookbuild update 3
… unsubordinated, fixed rate bonds with a maturity date of 15 May 2028 (2028 Bonds) to institutional and New Zealand … unsubordinated, fixed rate bonds with a maturity date of 15 May 2035 (2035 Bonds) to institutional and New Zealand … at LGFA's discretion, together, the 'Bonds'. Full details of the Bond offers are contained in the Series Notices for …NewsLGFA fixed rate bond offers: Bookbuild update 2
… unsubordinated, fixed rate bonds with a maturity date of 15 May 2028 (2028 Bonds) to institutional and New Zealand … unsubordinated, fixed rate bonds with a maturity date of 15 May 2035 (2035 Bonds) to institutional and New Zealand … at LGFA's discretion, together, the 'Bonds'. Full details of the Bond offers are contained in the Series Notices for …NewsAppointment to Head of Sustainability
… 1 May 2021 Appointment to Head of Sustainability LGFA is pleased to announce the appointment of Nick Howell to the newly created position of Head of Sustainability. Nick will have overall …NewsLGFA fixed rate bond offers: Bookbuild update 3
… New Zealand retail investors the following existing series of unsecured, unsubordinated, fixed rate bonds with the … codes listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the Bond offers are contained in the Series Notices for …NewsLGFA fixed rate bond offers: Bookbuild update 4
… New Zealand retail investors the following existing series of unsecured, unsubordinated, fixed rate bonds with the … codes listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the Bond offers are contained in the Series Notices for …NewsLGFA fixed rate bond offers: Bookbuild update 2
… New Zealand retail investors the following existing series of unsecured, unsubordinated, fixed rate bonds with the … codes listed below (together, the 'Bonds'). Each series of Bonds is already quoted on the NZX Debt Market. Full details of the Bond offers are contained in the Series Notices for …NewsLGFA Quarterly Funding Update – December 2023
… NZ$500 million to NZ$5.0 billion (excluding any issuance of Treasury Stock). This reflects the higher amount of council and CCO lending by LGFA in the December 2023 … update when we release the 2024-27 Draft Statement of Intent at the end of February 2024. ENDS Released on behalf …NewsMark Butcher
… Mark was appointed Chief Executive of the New Zealand Local Government Funding Agency effective … interest rate and debt products at the National Bank of New Zealand and Westpac Institutional Bank and in the … Officer at Perpetual Capital and General Manager of AllianceBernstein New Zealand. Mark is currently the Chair …PersonAnnouncement of LGFA Bond Tender 71
… NZX Announcement 04 May 2020 ANNOUNCEMENT OF LGFA BOND TENDER 71 New Zealand Local Government Funding Agency (NZX:LGF) announces details of Bond Tender 71: Tender date: 06 May 2020 Bids open on … April 2022 Coupon: 2.75% Amount Offered: NZD 100,000,000 (of which NZD 50,000,00 is reserved for subscription by LGFA) …News