South Australian Government Financing Authority
South Australian Government Financing Authority (SAFA) executed the largest deal seen in the Australian market in nearly two months on 4 July, printing A$1 billion (US$737.8 million) of new 10-year notes. Andrew Kennedy, Adelaide-based director, treasury services at SAFA, discusses the effect of market conditions on the transaction.
On 18 November, South Australian Government Financing Authority (SAFA) (AA+/Aa1) cancelled tomorrow’s planned tender of up to A$500 million of its August 2024 line, in light of the South Australian government’s recently announced six-day lockdown, to avoid issuing during a period of uncertainty.
On 11 November, South Australian Government Financing Authority (SAFA) revealed a funding requirement of A$6.3 billion (US$4.6 billion) for the 2020/21 financial year, following the release of the South Australia state budget the day prior. To date, SAFA has raised A$2.9 billion of its term funding for the financial year.
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