LGFA fixed rate bond offers close

NZX Announcement 09 April 2024 New Zealand Local Government Funding Agency Limited (LGFA) today announced that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds (together, the 'Bonds') and confirmed the issue size and Margin for each offer of the Bonds. 2026 Bonds Maturity Date: 15 April 2026 Issue size: NZ$600 million Bookbuild orders: As at offer close, bookbuild orders in excess of NZ$955 million at the Margin of 0.25% per annum were received (including NZ$220 million trading interest from the Joint Lead Managers) Margin: 0.25% per annum Coupon/Interest Rate: 1.50% per annum 2031 Bonds Maturity Date: 15 May 2031 Issue size: NZ$800 million Bookbuild orders: As at offer close, bookbuild orders in excess of NZ$1,525 million at the Margin of 0.73% per annum were received (including NZ$165 million trading interest from the Joint Lead Managers) Margin: 0.73% per annum Coupon/Interest Rate: 2.25% per annum Other information The Issuance Yield and Issue/Settlement Price for each of the 2026 Bonds and 2031 Bonds will be announced shortly. All of the Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool. The Bonds are expected to be issued on 15 April 2024. The 2026 Bonds are a further tranche of 2026 bonds that are already quoted on the NZX Debt Market under the ticker code LGF120. The 2031 Bonds are a further tranche of 2031 bonds that are already quoted on the NZX Debt Market under the ticker code LGF140. Joint Lead Managers ANZ Phone: 0800 269 476 BNZ Phone: 0800 275 269 CBA Phone: 0800 272 266 Westpac Banking Corporation Phone: 0800 772 142 ENDS For all investor relations and media queries, please contact: Mark Butcher, Chief Executive mark.butcher@lgfa.co.nz / 04 974 6744 End CA:00429298 For:LGF Type:OFFER Time:2024-04-09 12:21:03