And back to Genesis:
Bill English has announced key details:
  • The shares will be priced at the start of the offer period, rather than at the end as occurred with the previous share offers.
  • The Government expects to sell between 30 per cent and 49 per cent of the shares in Genesis.
  • The Government will offer a loyalty bonus scheme to eligible New Zealand retail investors

Also no shares will be offered to US institutions as it creates too much paperwork and hassles under US law.
http://www.scoop.co.nz/stories/PA140...hare-offer.htm