LGFA exploring taps of up to three existing lines

Thursday, 31 March 2022

Disclosure type: pre-offer announcement
Issuer name: New Zealand Local Government Funding Agency
Issuer rating: AAA/AA+
Expected issue rating: as issuer
Announcement date: 31 March 2022
Investor calls: 1 April 2022
Expected launch/pricing date: “full details of any relevant offer(s) will be released [week beginning 4 April], when the relevant offer(s) are expected to open”
Arranger: BNZ
Lead managers: ANZ, BNZ

Transaction type: senior-unsecured bond increase
Indicative volume: ND
Maturity dates: “two or three of” 15 April 2024, 15 April 2026, 15 May 2028 and/or 15 May 2031
Coupon type: fixed
Price guidance: ND

•    If LGFA decides to proceed with any relevant offer(s), LGFA will cancel the proposed tender scheduled for 11 April 2022.