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.

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.

Sunday, 03 March 2019

LGFA considers new April 2024 transaction by syndication

On 4 March, New Zealand Local Government Funding Agency (LGFA) (AA+/AA+) revealed it is considering a new, syndicated bond transaction to institutional and New Zealand retail investors. Full details for the potential April 2024 transaction are expected to be released in the week beginning 11 March and an investor conference call will take place on 6 March.

Friday, 15 February 2019
Feb/Mar 2019 Supplement

High grade capital-markets issuance history

Exclusive information from the KangaNews deal database covering capital-markets transactions by high-grade issuers profiled in the KangaNews High-Grade Yearbook 2019.

Thursday, 14 February 2019
Feb/Mar 2019 Supplement

High-grade issuer profiles and perspectives

Key data and information on 15 high-grade issuers active in the Australasian debt markets, including funding strategy information, debt data and issuer-specific perspectives. 

View all New Zealand Local Government Funding Agency news