LGFA considers bond offers

NZX Announcement 30 September 2024 LGFA considers bond offer and cancels 2 October 2024 tender 30 September 2024 New Zealand Local Government Funding Agency Limited (LGFA) is considering, subject to market conditions, making an offer of unsecured, unsubordinated fixed rate sustainable financing bonds maturing on 14 May 2032 (Sustainable Financing Bonds) to institutional and New Zealand retail investors. It is anticipated that full details will be released later this week, subject to market conditions. LGFA has decided to cancel the tender that was scheduled to occur on 2 October 2024. LGFA will hold a global investor conference call at 4:00 pm NZT on Monday, 30 September 2024. Details are outlined below. Investors can access a recording of this call by contacting a Joint Lead Manager as detailed below. Attached to this announcement is a copy of an investor presentation in relation to the potential offer. LGFA has appointed ANZ Bank New Zealand Limited, Bank of New Zealand, Commonwealth Bank of Australia (ABN 48 123 123 124) (acting through its New Zealand branch) and Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) as Joint Lead Managers in relation to any offer of the Sustainable Financing Bonds. Investors can register their interest in the offer by contacting a Joint Lead Manager as detailed below, or their financial advice provider. Indications of interest will not constitute an obligation or commitment of any kind. No money is currently being sought and applications for the Sustainable Financing Bonds cannot currently be made. If LGFA offers the Sustainable Financing Bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The offered Sustainable Financing Bonds are expected to be quoted on the NZX Debt Market. Please register for the conference call using the link below. LGFA Investor Conference Call Monday, 30 September 2024 (4:00 pm NZT – 1:00 pm AEST – 11:00 am SGT/HKT – 12:00 pm JST) To register, please click here Diamond Pass Invitation (c-conf.com). Joint Lead Managers ANZ Phone: 0800 269 476 BNZ Phone: 09 375 1391 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