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Councils and New Zealand investors are big winners from the first multi-billion dollar local government bond listing, Ministers Paula Bennett and Paul Goldsmith say.
The Local Government Funding Agency (LGFA) has today listed $5.56 billion of its bonds on the NZX Debt Market. Established in 2011, the LGFA raises debt on behalf of local authorities on terms more favourable to them than if councils raised the debt individually.
- Paula Bennett
- Paul Goldsmith
- Local Government
- Commerce and Consumer Affairs