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Filter search resultsPress Release: Investor Presentation in relation to intended bond offer
… Agency Limited (LGFA) is considering making an offer of unsubordinated, unsecured fixed rate bonds maturing on 15 … retail investors. It is expected that full details of the offer will be released in the week commencing 11 March … expected to open. Attached to this announcement is a copy of an investor presentation in relation to the intended …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. 2025 Bonds Maturity Date: 15 April 2025 Issue … orders: As at offer close, bookbuild orders in excess of NZ$295 million were received (including NZ$65 million …NewsMedia Release: LGFA contemplating issuing a new April 2022 bond
… Funding Agency (LGFA) is contemplating the issuance of a new 14 April 2022 bond (2022 Bond) in the next LGFA bond … on Thursday 29th March 2018 via the standard announcement of tender details. A new 2022 Bond will allow LGFA to provide … Bond will constitute direct, unsecured debt obligations of LGFA. The issuance of a new maturity that for the first …NewsLGFA SOI 2023-26 and Forecast Borrowing Programme
… NZX Announcement LGFA releases the 2023-26 Statement of Intent, announces bond issuance programme for 2023-24 and increase in individual bond maturity cap. Statement of Intent The New Zealand Local Government Funding Agency …NewsLGFA confirms Issue Price, Interest Rate and Issuance Yield
… today that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds with the … annum Issuance Yield: 3.499% per annum, based on a Margin of 0.08% per annum as previously announced Issue/Settlement … annum Issuance Yield: 3.794% per annum, based on a Margin of 0.29% per annum as previously announced Issue/Settlement …NewsLGFA fixed rate bond offer: Bookbuild update 2
… 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 9.10 am NZT in excess of NZ$900 million within the original indicative Margin range …NewsLGFA fixed rate bond offers: Bookbuild update 3
… code: LGF070 Bookbuild orders: As at 11:25am NZT in excess of NZ$670 million at the revised indicative Margin below … Limited (LGFA) expects to issue at least NZ$600 million of 2025 Bonds. Indicative Margin: The indicative Margin range … code: LGF110 Bookbuild orders: As at 11:25am NZT in excess of NZ$270 million at the revised indicative Margin below …NewsLGFA Draft SOI 2020-2021 and Borrowing Programme Update
… has released to shareholders its 2020-2021 Draft Statement of Intent (SOI) as required under the Local Government Act 2002. … Programme “The above table assumes gross issuance of LGFA bonds per year of $2.28 billion (2021/22), $1.85 …NewsLGFA launches fixed rate bond offers cancels October tender
… 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 … to be 2.25% per annum. The Issuance Yield will be the sum of the Margin and the Base Rate on the Rate Set Date. The …NewsBond Issuance Programme Update/Revised Bond Tender Schedule
… discussions with our participating councils and completion of the three-year forecasts for the 2021-22 Statement of Intent (“SOI”), the New Zealand Local Government Funding …NewsLGFA Considers Bond Offer
… Agency Limited ( LGFA ) is considering making an offer of unsecured, unsubordinated fixed rate bonds maturing on 20 … Zealand retail investors. It is expected that full details of the offer will be released the week beginning 19 August … to occur on 21 August 2019. LGFA has appointed Bank of New Zealand as the Arranger and a Joint Lead Manager and …NewsLGFA Bond Issuance Programme Update/Revised Bond Tender Schedule for 2020-21
… discussions with our participating councils and completion of the three-year forecasts for the 2020-21 Statement of Intent (“SOI”), the New Zealand Local Government Funding …NewsLGFA Considers Bond Offer
… considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … scheduled on 8 April 2020. LGFA has appointed Bank of New Zealand as the Arranger and a Joint Lead Manager and ANZ Bank New Zealand Limited, Commonwealth Bank of Australia (ABN 48 123 123 124) and Westpac Banking …NewsPress Release: LGFA Considers Bond Offer
… on 4 February 2019, LGFA is considering making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … retail investors. It is expected that full details of the offer will be released the week beginning 11 March … to occur on 13 March 2019. LGFA has appointed Bank of New Zealand as the Arranger and a Joint Lead Manager and …NewsLGFA sustainable financing bond offer: Bookbuild update 2
… Bond) Bookbuild orders: As at 4:45pm NZT in excess of NZ$1,185 million within the prior indicative Margin range below (including NZ$100 million of Sustainable Financing Bonds reserved for subscription by … to date, LGFA expects to issue at least NZ$800 million of Sustainable Financing Bonds (including NZ$100 million of …NewsBoard of Directors
… independent and non-independent directors, the majority of which are required to be independent directors appointed … is responsible for the strategic direction and control of LGFA’s activities. The Board guides and monitors the … LGFA Shareholder Agreement; LGFA Annual Statement of Intent. The names, positions, qualifications and experience …PageLGFA Quarterly Funding Update - March 2024
… NZ$300 million to NZ$5.3 billion (excluding any issuance of Treasury Stock). This reflects the higher amount of council and CCO lending from LGFA over the past three … update when we release the 2024-27 Final Statement of Intent at the end of June 2024. ENDS Released on behalf of …NewsLGFA 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 May 2031 (Bonds), it has set the issue size at NZ$750 million (including NZ$100 million of Bonds reserved for subscription by LGFA). As at offer …NewsShareholders Approve Change to LGFA Foundation Policy Covenant
… CHANGE TO LGFA FOUNDATION POLICY COVENANT The shareholders of the New Zealand Local Government Funding Agency Limited … local authority borrowers with a long-term credit rating of 'A' equivalent or higher. Any changes to the foundation … Local authority borrowers with a long-term credit rating of 'A' equivalent or higher are now required to maintain …NewsSector Standard page
… Sector supports a variety of Information Architecture principles - one is to organise … in pages which are organised in a menu. The concept of hierarchical content works well with: Linear content … AA+ Positive outlook 86% LGFA's estimated market share of local government debt Loans to Auckland Council are …PageLGFA sustainable financing bond offer: Bookbuild update 1
… Bonds) Bookbuild orders: As at 2:45 pm NZT in excess of NZ$945 million within the indicative Margin below (including NZ$100 million of Sustainable Financing Bonds reserved for subscription by … to date, LGFA expects to issue at least NZ$500 million of the Sustainable Financing Bonds (including NZ$100 million …NewsLGFA SOI 2024-27 and Forecast Borrowing Programme
… 25 June 2024 LGFA releases the 2024-27 Statement of Intent, announces bond issuance programme for 2024-25. Statement of Intent The New Zealand Local Government Funding Agency …NewsIncrease in Maximum Tranche Size/Bond Tender Schedule 2022
… billion to $2 billion. This excludes the $100 million of Treasury Stock per tranche that is allocated to LGFA and … to increase the maximum tranche size following a review of its investor base and primary and secondary market … the cap, LGFA recognises the increase in breadth and depth of the investor base and seeks to meet the needs of investors …NewsLGFA Announces Sustainable Financing Bond Framework
… Sustainable Financing Bond Framework (Framework). As part of our commitment to assist borrower councils and … bonds that will be notionally allocated to a pool of Sustainable Loans that meet the eligibility criteria set … The Framework follows the proceeds-based pillars of the general market standards for sustainable finance, …NewsInvestor Presentation in relation to intended bond offer
… considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … retail investors. Attached to this announcement is a copy of an investor presentation in relation to the intended … as detailed below, or their financial advisor. Indications of interest will not constitute an obligation or commitment …NewsLGFA sustainable financing bond offer: Bookbuild update 3
… 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 … to date, LGFA expects to issue at least NZ$1,000 million of Sustainable Financing Bonds (including NZ$100 million of …NewsLGFA release Draft SOI 2024-27/Forecast Borrowing Programme
… Act 2002, LGFA is required to publish a Draft Statement Of Intent (SOI) by 29 February 2024 and publish a Final SOI by … The Draft SOI outlines an assumed bond issuance programme of: FY25 NZ$5.25 billion FY26 NZ$5.04 billion FY27 NZ$4.72 …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 May 2028 (2028 Bonds) and/or an offer of unsecured, unsubordinated fixed rate bonds maturing on 15 … retail investors. Attached to this announcement is a copy of an investor presentation in relation to the potential …NewsLGFA fixed rate bond offers: Bookbuild update 1
… 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 launches fixed rate bond offer
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2026 to institutional and New Zealand retail … 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 … LGFA does not intend to offer any additional tranches of the Bonds until its July 2020 tender, currently scheduled …NewsPress Release: LGFA launches fixed rate bond offer and cancels 13 March 2019 tender
… unsubordinated, fixed rate bonds with a maturity date of 15 April 2024 (Bonds) to institutional and New Zealand … to be 2.25% per annum. The Issuance Yield will be the sum of the Margin and the Base Rate on the Rate Set Date. The … LGFA does not intend to offer any additional tranches of the Bonds until its July 2019 tender, currently scheduled …NewsLGFA Announces Sustainable Financing Bond Framework
… Sustainable Financing Bond Framework (Framework). As part of our commitment to assist borrower councils and … bonds that will be notionally allocated to a pool of Sustainable Loans that meet the eligibility criteria set … The Framework follows the proceeds-based pillars of the general market standards for sustainable finance, …News