New Zealand Local Government Funding Agency
Open economy, closed border: opportunities and challenges in New Zealand
New Zealand’s government-sector issuers experienced market upheaval as severe as their neighbours in Australia during the height of the COVID-19 crisis in March and April. Intervention from the Reserve Bank of New Zealand (RBNZ) and an enviable pace of economic reopening have improved the outlook, but issuers at a KangaNews-Westpac roundtable in June say plenty of challenges remain to be faced.
LGFA sets price for 2026 and 2031 bond taps
LGFA launches 2026 and 2031 bond taps
LGFA considering taps to April 2026 and May 2031 bonds
LGFA shrugs off repo uncertainty to validate Australasian issuance strategy
New Zealand Local Government Funding Agency is confident its latest Kangaroo deal demonstrates ongoing support for its name in Australian dollars, despite its recent loss of local repo eligibility. With four points now on its Australian dollar curve, the issuer says its new issuance focus will shift to building up line size rather than adding new benchmarks.
LGFA prices 3.5- and 10-year Kangaroo bonds
HIGH-GRADE ISSUERS YEARBOOK 2023
The ultimate guide to Australian and New Zealand government-sector borrowers.
