New Zealand Local Government Funding Agency

Sunday, 17 March 2019

LGFA strategy evolution leads to record volume deal

New Zealand Local Government Funding Agency (LGFA) undertook its first-ever syndicated transaction on 12 March. The deal represents a change in strategy for the borrower, which deal sources say allows it better to engage domestic and offshore investors seeking larger allocations – an outcome that was evident in the record volume achieved.

Tuesday, 03 December 2019

KangaNews Awards 2019: winners announced

KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.

Wednesday, 14 August 2019

LGFA considers new April 2029 deal by syndication

On 15 August, New Zealand Local Government Funding Agency (LGFA) (AA+/AA+) revealed plans for a potential April 2029 transaction to institutional and New Zealand retail investors by syndication. Full details of the transaction are expected to be released in the week beginning 19 August and an investor call will take place on 20 August.

Tuesday, 16 July 2019
Jun/Jul 2019

The global view

In June, ANZ and KangaNews gathered issuers and investors from across the global market at their annual roundtable discussion in London. This year’s conversation came at a pivotal moment for market direction and in the middle of an existential debate about the nature and purpose of sustainable finance.

Sunday, 10 March 2019

LGFA launches new April 2024 transaction by syndication

On 11 March, New Zealand Local Government Funding Agency (LGFA) (AA+/AA+) launched an indicative NZ$500 million (US$339.8 million) April 2024 transaction to institutional and New Zealand retail investors by syndication. The forthcoming deal has an indicative margin of 33-37 basis points over mid swap, with the final margin and interest rate to be set following a bookbuild on 12 March.

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