South Australian Government Financing Authority

Wednesday, 04 July 2018

SAFA says lack of supply worked in its favour in latest syndication

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.

Sunday, 01 December 2019

SAFA announces potential one-year AONIA-linked FRN deal

On 2 December, South Australian Government Financing Authority (SAFA) (AA+/Aa1) revealed plans for a potential minimum A$100 million (US$67.7 million) one-year, syndicated Australian Overnight Index Average (AONIA)-linked floating-rate note (FRN) transaction. UBS is sole lead manager.

Tuesday, 03 December 2019

KangaNews Awards 2019: winners announced

KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.

Monday, 11 November 2019

SAFA releases book update for May 2030 syndicated tap

South Australian Government Financing Authority (SAFA) revealed a book update for its indicative A$1 billion (US$685 million) May 2030 syndicated tap on 11 November. Indicative price guidance has been revised to 55.5-56.5 basis points area over the 10-year futures contract, equivalent to 54.5-55.5 basis points area over Australian Commonwealth government bond, after launching earlier in the day with a margin range of 55-57 basis points area and 54.125-56.125 basis points area, respectively. The book is in excess of A$770 million.

Sunday, 10 November 2019

SAFA launches May 2030 syndicated tap

On 11 November, South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a syndicated increase to its May 2030 bond. Indicative price guidance for the forthcoming deal is 55-57 basis points area over the 10-year futures contract, equivalent to 54.125-56.125 basis points area over Australian Commonwealth government bond.

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