RESEND: LGFA extends bond terms as councils shift to 30-year plans

Wed, 20 May 2015

(Removes apostrophe in headline) By Suze Metherell May 20 (BusinessDesk) - The Local Government Funding Agency, New Zealand councils' lender, now boasts the country's second longest bond term, as the sector moves to a 30-year infrastructure planning regime. LGFA now offers a 12-year bond due in 2027 to its member council, which is second only to a Transpower bond which is due in 2028, Mark Butcher LGFA chief executive told media at the Local Government New Zealand's quarterly briefing. Councils are now extending the term of their debt...

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