LGFA Draft SOI 2025-28 and Forecast Borrowing Programme

NZX Announcement 28 February 2025 LGFA releases Draft Statement of Intent 2025-28 and Forecast Borrowing Programme Under the Local Government Act 2002, LGFA is required to publish a Draft Statement of Intent (SOI) by 28 February 2025 and publish a Final SOI by 30 June 2025. The draft is attached below: The three-year financial forecast within the SOI assumes LGFA commences lending to water CCOs during the year to June 2027. This is consistent with how the Local Water Done Well programme is progressing, but LGFA notes that it has no influence on the timing of when water CCOs are established nor any decisions regarding their borrowing activity. The Draft SOI outlines an assumed bond issuance programme of: FY26 NZ$5.1 billion FY27 NZ$5.0 billion FY28 NZ$5.0 billion LGFA will advise the market of any changes to the forecast bond issuance programme via its Quarterly Funding Updates. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark Butcher, Chief Executive. Telephone +64 4 974 6744 Email mark.butcher@lgfa.co.nz Website lgfa.co.nz