New Zealand Local Govt Funding Agency Ltd, founded in 2011 and headquartered in Wellington, serves the public sector by providing funding support to local governments across New Zealand. The agency primarily focuses on enhancing the funding capabilities of local councils through the issuance of debt instruments and the provision of financial advisory services.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The agency began its bond issuance program in 2012 and has since become a key player in the New Zealand bond market. Noteworthy issuances include a NZ$1 billion bond in 2020, which set a benchmark for future local government funding. Currently, New Zealand Local Govt Funding Agency Ltd offers bonds with competitive yields, often outperforming broader market averages, and features such as liquidity and strong credit ratings that appeal to retail investors. In 2023, the agency launched a green bond framework aimed at promoting sustainable projects within local councils, reflecting a growing trend towards environmentally responsible investing.