Page 6 Advertisements Column 2

Press, 31 January 1984, Page 6

TENDER OF NEW ZEALAND Wfcßffij GOVERNMENT STOCK ’-1 I ' j TENDER wteEr NO. 4 !■. ’ . .! Jn terms of the Prospectus for New Zealand Government Stock dated 5 December 1983 the following Stock is offered for sale: i i j J Maturity Date Coupon Rate Total Amount Offered Ist Interest Payment 1 Special Allotment 2 J ] I 15 July 1985 5.0% s2oom 15 July 1984 i : j 15 Jan. 1987 9 - 0% sloom 15July 1984 fe® and _ k.- ' ■fflg in terms of the Prospectus for Index Linked New Zealand Government Stock dated 5 December, 1983 the following Index Linked Stock is offered j HH for sale: j 2 fef-W ■y Maturity Date Total Amount Offered Ist Interest Payment Special Allotment 15 June 1989 sloom 15 June 1984 - I, 15 June 1992 s2oom 15 June 1984 s6m ! ■■S 1. Interest will be paid at half yearly intervals thereafter. i ) ■ill 21 The Reserve Bank of New Zealand and Earthquake and War Damage Commission will be allotted this amount of Stock in addition to the total |H| fe® amount offered. The closing time for bids is 12 noon 2nd February, 1984. h { [ ■ The Reserve Bank reserves the right to accept oversubscriptions of up to 20% of the amount offered in any individual maturity provided that the lUI total of the amount accepted in all maturities does not exceed the total amount offered in the tender. ' “ }■-, > I MM The settlement period for successful bids will be the period of 28 days following the date of announcement of the tender results i MM Ful * details of the tender system are contained in the two Prospectuses which can be obtained from the Head Office and branches of the Reserve |wq BH Bank of New Zealand. Bids will be accepted only if they comply with the relevant Prospectus and if made on the appropriate bid form attached to RM I| each Prospectus. The main features of the tendering system are: ' 1 i i ; ACCESS TO TENDER TYPES OF STOCK ON OFFER s j Registered Bidders N.Z. Government Stock ! i > ★ Registered bidders must register at least two days before the * Bidding must.be on the basis of yields to maturity. I tender at the Reserve Bank, Wellington. * All Stock of any one maturity will be allotted at the highest 1 * i ★ Bids from registered bidders must be accompanied by a yield accepted for that maturity. ’ ; ! L j deposit, by way of bank cheque, for the greater of 5 per cent * Prices will be adjusted throughout the settlement period in : > i - j of the face value of each bid or $lOOO, unless an exemption accordance with the formula detailed in the New Zealand i i i has been granted by the Reserve Bank. Government Stock Prospectus. ' „ „ Non-Registered Bidders Index Linked NZ Government Stock b J&l *J 0 allow smaller investors to subscribe directly to Government * Each bid must state the fixed annual interest rate souah* bv | ■ 1 Stock through the tender, bids will be accepted from those the bidder over and above an inflation adjustment parties eligible to bid but who do not register before a tender * At | | ndex Linked Stock of any one mat i rity wi|| b „ . ? j * Non-registered bidders must submit a bank cheque for the full at the highest fixed annual interest rate accepted in the p amount of the face value of the bids. tender. I'd T . . . .... ?' za • . , ■ ~ * Interest payments will be calculated on the basis of the allot- {. * Th i 0 , p , P ,rnu m bid size for all bids in this tender is $5OOO (face ment j nterest rate p | us tbe inflation adjustment (determined few value) increasing in multiples of $lOOO thereafter, with no by movements in the Consumers Price Index) 'IH maximum bid or maximum number of bids. * A( , index |inked Stock wi|| be issued at par The f[fst payment . of interest will be made to the original subscriber and will be i I I Full details of the relevant settlement procedures are contained calculated on a daily basis from the date of settlement until ''• ‘ . in each Prospectus. the first interest date. .. ! Bids for both types of Stock, from both registered and non-registered bidders, will be received at the tender boxes at the Head Office or anv bra h iH (■B of the Reserve Bank of New Zealand between 9.00 a.m. and 12.00 noon on the day of the tender. Bids will also be received until 12.00 noon on'the I li&S day of the tender at P.O. Box 10254, The Terrace, Wellington, New Zealand. Tender boxes will be situated at: ~ J . WELLINGTON AUCKLAND CHRISTCHURCH I,'! Money Market Operations Government Stock Registry Public Counter ■ i 4th Floor 9th Floor Ground Floor pijd . No. 2 The Terrace 65-67 Customs Street East 158 Hereford Street. I ftiS Ca * hi ® r . The next tender after this one is tentatively scheduled for 22nd March, 1984 ' ! Pfejajj Reserve Bank of New Zealand 26 January 1984