LGFA launches NZ$500 million dual-tranche transaction via syndication

On 29 July, New Zealand Local Government Funding Agency (LGFA) (AA+/AA+) launched an indicative NZ$500 million (US$333 million) dual-tranche transaction to institutional and New Zealand retail investors by syndication. The forthcoming offer includes a NZ$200 million April 2022 line and a NZ$300 million April 2037 line.