Pricing details on NZDM’s syndicated 2035 tap
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Wednesday, 19 March 2025
Change of destination for LGFA but foreign-currency focus continues
A larger funding task and domestic capacity issues continue to make foreign-currency curve-building a priority for New Zealand Local Government Funding Agency. But pricing conditions have led to a pivot away from Australian dollars as its main issuance focus – as demonstrated by the agency’s recent debut in the Swiss franc and US dollar markets.