SAFA’s term-funding requirement down in 2019/20

On 19 June, following the release of the South Australia state budget on the previous day, South Australian Government Financing Authority (SAFA) revealed a term-funding requirement for the 2019/20 financial year of A$3.2 billion (US$2.2 billion). The issuer’s requirement is expected to decrease in the 2021 and 2022 financial years before increasing at the end of the out years.