J.P. Morgan

Monday, 03 August 2020

SAFA launches May 2032 syndicated tap

On 4 August, South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a syndicated increase to its May 2032 line. The forthcoming deal is being marketed at 80-82 basis points area over 10-year futures contract, equivalent to 70.4-72.4 basis points area over Australian Commonwealth government bond.

Thursday, 30 July 2020

SAFA preparing syndicated May 2032 tap

On 31 July, South Australian Government Financing Authority (SAFA) (AA+/Aa1) revealed plans for a potential A$1 billion (US$719.5 million) syndicated tap of its May 2032 line in the week beginning 3 August. J.P. Morgan, National Australia Bank, RBC Capital Markets and Westpac Institutional Bank are leading.

Wednesday, 29 July 2020

AOFM goes long and hits offshore demand

The Australian Office of Financial Management (AOFM)’s June 2051 syndication reaffirmed offshore investors’ interest in the long end of the government bond curve, having taken longer to recover from COVID-19 volatility.

Sunday, 26 July 2020

AOFM launches new syndicated June 2051 line

On 27 July, Australian Office of Financial Management (AOFM) launched its new syndicated June 2051 Treasury bond. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 98-105 basis points area over ten-year futures contract. ANZ, Commonwealth Bank of Australia, Deutsche Bank, J.P. Morgan and UBS are leading.

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