To apply for Mighty River Power Shares go to www.mightyrivershares.govt.nz

The Minister of Finance, Hon Bill English and Minister of State Owned Enterprises, Hon Tony Ryall have now launched the Mighty River Power pre-registration phase.

You can now pre-register for the Share Offer at:

Website: www.mightyrivershares.govt.nz
Free call: 0800 90 30 90

You received this email because you subscribed to the Government Share Offers website update service. This is not pre-registration for the Mighty River Power Share Offer. To pre-register for the Share Offer please visit the Share Offer website or call the call centre.

Benefits for pre-registrants
If the offer is oversubscribed and scaling back of applications is required, eligible New Zealand applicants who pre-register for the Share Offer and go on to apply as part of the general public offer will receive an amount of shares which is up to 25 per cent more than a New Zealand applicant who applied for the same amount of shares but did not pre-register. This benefit does not apply to the first $2,000 worth of shares applied for by a New Zealand applicant, which is guaranteed irrespective of whether they pre-registered.

About pre-registration
Only New Zealanders will be entitled to apply for shares as part of the retail share offer and, as a result, only New Zealanders are invited to pre-register. Pre-registration is an opportunity to register your interest in finding out more about the Mighty River Power share offer and ensure that people who pre-register get access to the Share Offer Document when it’s available. The Share Offer Document will be available as both a downloadable electronic version and hard copy.

Starting out in shares guide
If you would like general information on share ownership or how the Share Offer process works, the www.governmentshareoffers.govt.nz website has a Starting out in shares guide, which covers topics such as ‘What is a share?’, ‘Where do I go to buy shares?’ and ‘Where do I go for advice about shares?’

The Treasury
March 2013
New Zealand Government, Wellington

governmentshareoffers.govt.nz

Fonterra Co-Operative Group Ltd (Fonterra) is promoting an offer of units (Units) in the Fonterra Shareholders’ Fund (the Fund).The Fund has been designed so that each Unit issued by it will, essentially, pass through the economic benefits derived from holding a single share of Fonterra.

No offer is being made to subscribe directly for shares in Fonterra. The Units being offered will be issued by the Manager of the Fund (FSF Management Company Limited), not by Fonterra, and the Units do not confer any direct interest in Fonterra.

The price per Unit  will be the Final Price which is expected to be announced on the 27 November 2012.  Fonterra has set an Indicative Price Range of NZ$4.60-NZ$5.50 per Unit.

The offer closes on 21 November 2012.

The Auckland Council has announced a 6 year bond issue of $125 m (plus $50m oversubscription) maturing on 16 October 2018.

The rate to be offered has a margin o  1.08% per annum which equates to 4.30%p.a on 8 Oct 2012.

The Council has a credit rating of AA from Standard and Poor’s and Aa2 from Moody’s and so the issue is likely to be popular with conservative investors.

The issue opens today and closes on Friday, 12 October 2012 at 12.00 pm when the rate will be set.

The ANZ Bank have announced that they intend issuing a new 5 year bond at a rate set at 1.75% over the 5 yr swap rate on the 11th Sept. This equates to about 4.70% at the current rates.

The bonds will have have a credit rating of AA- and  will be a senior issue so will rank  equally with term deposits.

Click here to download the ANZ Bonds Investment Statment 2012-08-16

Upside, downside: A guide to risk for savers and investors .

The Reserve Bank today released a new edition of its popular guide to managing the risks involved in saving and investing  written by investment commentator and bestselling author, Mary Holm.

Click upsidedownside to view the PDF version

Free copies of the book can be obtained from The Knowledge Centre, the Reserve Bank of New Zealand, PO Box 2498, Wellington, 6140, by phoning 04 471 3660 or by emailing rbnz-info@rbnz.govt.nz

Free Book On The Basics Of Investing

John Key has announced today that preparation for the Mighty River Power share offer will continue to proceed, but in the March to June window next year, rather than in 2012.

Mighty River Power share issue delayed until next year

The Government announced on the weekend details of how New Zealanders can participate in the Mighty River Power Share Offer.

The Government announced the following four initiatives to put New Zealanders at the front of the queue for shares, make it easier for them to buy shares and encourage long-term ownership:

• A guarantee that New Zealanders seeking up to $2000 worth of shares will not have their application scaled back.
• A minimum application for Mighty River Power shares of $1000.
• The provision of loyalty bonus shares in Mighty River Power for New Zealand investors.
• The appointment by Treasury of a retail syndicate of brokers and banks to help potential investors – particularly first-time share investors – understand how they can participate in the share offer.

If you would like to know more about the New Zealand Governments plans to sell shares in  a number of its State Owned Enterprises go to www.governmentshareoffers.govt.nz .

The first share offer (for Mighty River Power) is expected to occur in the third quarter of 2012. No further details have been announced at this stage.

ANZ National Bank has announced a public bond issue of $100m with the right to accept oversubscriptions of up to $150m for a 7 year term maturing on 13 March 2019.

The interest rate will be the higher of 6.25% or the aggregate of the 7 year Swap Rate on the Rate Set Date and  the Issue Margin of 2.10% per annum. The bonds will be unsubordinated (senior) debt with a credit rating of AA minus.

There is a minimum investment of $10,000 and in multiples of $1,000 thereafter.

Note that the closing date is 12.00 pm Friday 9 March 2012 so you will need to contact your broker ASAP if you are interested.