As Security Trustee for the New Zealand Local Government Funding Agency (LGFA), TE has played anintegral role in supporting one of New Zealand’s most significant debt capital market issuers.
LGFA was established to provide local authorities with more efficient access to funding and today financesthe vast majority of local and regional council borrowing across New Zealand.
Throughout its growth, Trustees Executors has provided independent oversight of LGFA’s debtprogrammes, supporting a funding platform that spans domestic and international capital markets.
More recently, Trustees Executors has assisted a number of local water entities with their proposed accession as an issuer under the New Zealand Local Government Funding Agency (LGFA) borrowing programme, in accordance with the Local Water Done Well framework.