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.