LGFA fixed rate bond offers close

NZX Announcement 12 October 2022 LGFA fixed rate bond offers close New Zealand Local Government Funding Agency Limited (LGFA) today announced that following the successful bookbuild process for its offers of the following existing series of unsecured, unsubordinated, fixed rate bonds with the maturity dates listed below (together, the 'Bonds') and confirmed the issue size and Margin for each offer of the Bonds. 2025 Bonds Maturity Date: 15 April 2025 Issue size: NZ$600 million Bookbuild orders: As at offer close at 2pm NZT, bookbuild orders in excess of NZ$700 million at the Margin of 0.28% per annum were received (including NZ$65 million trading interest from the Joint Lead Managers) Margin: 0.28% per annum Coupon/Interest Rate: 2.75% per annum 2029 Bonds Maturity Date: 20 April 2029 Issue size: NZ$200 million Bookbuild orders: As at offer close at 2pm NZT, bookbuild orders in excess of NZ$225 million at the Margin of 0.56% per annum were received (including NZ$35 million trading interest from the Joint Lead Managers) Margin: 0.56% per annum Coupon/Interest Rate: 1.50% per annum Other information The Issuance Yield and Issue/Settlement Price for each of the 2025 Bonds and 2029 Bonds will be announced shortly. All of the Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool. The Bonds are expected to be issued on 17 October 2022. The 2025 Bonds are a further tranche of 2025 bonds that are already quoted on the NZX Debt Market under the ticker code LGF070. The 2029 Bonds are a further tranche of 2029 bonds that are already quoted on the NZX Debt Market under the ticker code LGF110. Arranger and Joint Lead Manager BNZ Phone: 0800 284 017 Joint Lead Managers ANZ Phone: 0800 269 476 CBA Phone: 0800 272 266 Westpac Banking Corporation Phone: 0800 772 142 ENDS For all investor relations and media queries, please contact: Mark Butcher, Chief Executive mark.butcher@lgfa.co.nz / 04 974 6744 End CA:00400410 For:LGF Type:OFFER Time:2022-10-12 14:48:25