Genesis Power Limited, trading as Genesis Energy, has registered a prospectus and made an investment statement available for an issue of $225 million (plus up to $50million of oversubscriptions) of Capital Bonds.

The offer is for unsecured, subordinated, redeemable, cumulative interest bearing Capital Bonds.

The bonds have a maturity date of 15 July 2041 and the minimum interest rate will be no less than 8.5% p.a.

Genesis Energy is currently 100% owned by the Crown and has a credit rating of BBB+ (negative outlook) from Standard & Poor’s (“S&P”). To read more click here.

Despite the Reserve Bank reducing the official cash rate to 2.50% the NZ dollar has proved to be very resilient and still remains above US$0. 73

Infratil has registered a simplified disclosure prospectus for an offer of unsecured unsubordinated Infrastructure Bonds with the primary aim of refinancing the Infratil bonds falling due in May 2011 (“2011 Bonds”).

Investors may acquire bonds from Infratil by completing the application form contained in the Prospectus and following the application instructions.

The simplified prospectus is available either by contacting Infratil, admin@infratil.com or by downloading the Simplified Disclosure Prospectus(2MB), or by contacting a broker or manager to the issue.