LGFA confirms Issue Price, Interest Rate and Issuance Yield

NZX Announcement 09 April 2024 New Zealand Local Government Funding Agency Limited (LGFA) announced today that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds (together, the 'Bonds'). 2026 Bonds Maturity Date: 15 April 2026 Issue size: NZ$600 million Coupon/Interest Rate: 1.50% per annum Issuance Yield: 5.222% per annum, based on a Margin of 0.25% per annum Issue/Settlement Price: NZ$0.93017646 per bond as determined using the formula in the Series Notice 2031 Bonds Maturity Date: 15 May 2031 Issue size: NZ$800 million Coupon/Interest rate: 2.25% per annum Issuance Yield: 5.231% per annum, based on a Margin of 0.73% per annum Issue/Settlement Price: NZ$0.83482242 per bond as determined using the formula in the Series Notice Other information 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:00429299 For:LGF Type:GENERAL Time:2024-04-09 13:00:17