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Commentary & Deal Flow

by Jp Albin

Mar 31, 2026 6:09 AM ET

MANDATE: New Zealand Local Government Funding Agency Inv Calls; Reg S €500m 'no grow' 6.5yr Sr Unsec Offering May Follow

IGC APAC Market: Deal Flow - SSAIGC European Market: Deal Flow - GeneralIGC European Market: Deal Flow - SSA

New Zealand Local Government Funding Agency Limited (ticker: "NZLGFA"), rated AA+/AA+ (S&P/Fitch), has mandated Barclays, BNP Paribas, TD Securities and UBS Investment Bank as Joint Lead Managers for a potential Reg S Registered transaction. The Issuer will be available for calls upon request commencing 31-Mar-26.

An expected €500m 'no grow', 6.5yr EUR offering will follow, subject to market conditions.

Company Representative: Mark Butcher, Chief Executive
Investor Presentation: An Investor Presentation has been published on the Issuer’s website at https://www.lgfa.co.nz/sites/default/files/2026-03/LGFA%20Investor%20Update%20EUR%20-%20%2031%20March%202026.pdf
Guarantee: The Issuer’s obligations in relation to the Notes are guaranteed by the Local Authorities that are from time to time Guarantors under the Guarantee (as further described in the Offering Circular dated 09-Sep-25 relating to the Programme as supplemented by the Preliminary Pricing Supplement dated 31-Mar-26). The New Zealand Government does not guarantee any of the Issuer’s obligations or liabilities in relation to the Notes.