6 December 2023
Megan Richardson
[FYI request #25042 email]
Dear Megan
Thank you for your request made under the Official Information and Meetings Act 1982 (OIA). As we
are a Council Controlled Organisation the OIA does not apply to us, but we have responded as if your
request was made under the Local Government Official Information and Meetings Act 1987.
Regarding your questions
1. Please provide a complete list of the stakeholders of the New Zealand Local Government
Funding Agency Ltd in all forms e.g. Trusts, Corporations, Banks, et al.
Stakeholders is a subjective term, but we have listed the following who we consider are our
stakeholders:
Auditor
KPMG
Banker
Westpac
Banks authorised to bid in bond tenders
ANZ, BNZ, Commonwealth Bank and Westpac
Department of Internal Affairs, The Treasury, Office of Auditor General,
Central Government
Ministers of Finance and Local Government
Dunedin City Treasury, Infrastructure Holdings, Invercargill City Holdings,
CCO Borrowers
Westland Holdings, Whanganui District Council Holdings
Council Borrowers
77 councils - all councils in New Zealand except Chatham islands Council.
Council Guarantors
72 councils - see www.lgfa.co.nz/investors/guarantee-arrangements
Credit Rating Agencies
S&P Global Ratings and Fitch Rating Services
Legal Adviser
Russell McVeagh
LGFA Bond and Bill Holders
Various institutional and retail investors domiciled in New Zealand and offshore
NZX
LGFA Bonds listed on NZX Debt Market
Registrar and Paying Agent for LGFA Bonds and Bills Computershare
Shareholders
30 councils and NZ Government
Trustee
Trustee Executors
2. Please confirm all the shareholders of the New Zealand Local Government Funding Agency Ltd
LGFA is a CCO owned by the New Zealand Government and thirty council shareholders. The
shareholders are listed below (including paid up and uncalled capital)
Shareholder full name
Shares held ($)
% of shares held
New Zealand Government
5,000,000
11.11%
Auckland Council
3,731,960
8.29%
Christchurch City Council
3,731,960
8.29%
Hamilton City Council
3,731,960
8.29%
Bay of Plenty Regional Council
3,731,958
8.29%
Greater Wellington Regional Council
3,731,958
8.29%
Tasman District Council
3,731,958
8.29%
Tauranga City Council
3,731,958
8.29%
Wellington City Council
3,731,958
8.29%
Western Bay of Plenty District Council
3,731,958
8.29%
Whangarei District Council
1,492,784
3.32%
Hastings District Council
746,392
1.66%
Marlborough District Council
400,000
0.89%
Selwyn District Council
373,196
0.83%
Gisborne District Council
200,000
0.44%
Hauraki District Council
200,000
0.44%
Horowhenua District Council
200,000
0.44%
Hutt City Council
200,000
0.44%
Kapiti Coast District Council
200,000
0.44%
Manawatu District Council
200,000
0.44%
Masterton District Council
200,000
0.44%
New Plymouth District Council
200,000
0.44%
Otorohanga District Council
200,000
0.44%
Palmerston North City Council
200,000
0.44%
South Taranaki District Council
200,000
0.44%
Taupo District Council
200,000
0.44%
Thames-Coromandel District Council
200,000
0.44%
Waimakariri District Council
200,000
0.44%
Waipa District Council
200,000
0.44%
Whakatane District Council
200,000
0.44%
Whanganui District Council
200,000
0.44%
Please do not hesitate to contact me if you have any further questions.
Regards
Mark Butcher
Chief Executive Officer
