Announcement
GENERAL: LGF: LGFA Quarterly Investor Update
01:18pm
LGF
16/04/2021 13:18
GENERAL
NOT PRICE SENSITIVE
REL: 1318 HRS New Zealand Local Government Funding Agency Limited
GENERAL: LGF: LGFA Quarterly Investor Update
NZX Announcement
16 April 2021
LGFA Quarterly Investor Update
Please find attached the LGFA Quarterly Update to Investors.
With three months remining in the 2020-21 financial year, we have left the
bond issuance programme for the year to 30 June 2021 unchanged at $3.0
billion. Given that LGFA has issued $2.3 billion of LGFA bonds in the nine
month period to 31 March 2021, it expects to issue a further $700 million in
the June quarter but may take the opportunity to prefund part of the 2021-22
requirement if market conditions are suitable.
The forecast bond issuance programme for the 2022, 2023 and 2024 financial
years were announced to the market as part of the Draft SOI on 27 February
2021 and will be updated in late July following the completion of the LGFA
SOI and the councils Long Term Plans.
ENDS
Released on behalf of NZ Local Government Funding Agency Limited by Mark
Butcher, Chief Executive.
Telephone +64 4 974 6744
Email mark.butcher@lgfa.co.nz
Website lgfa.co.nz
End CA:00370803 For:LGF Type:GENERAL Time:2021-04-16 13:18:39
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