SAFA launches one-year AONIA-linked FRN deal

South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a new A$100 million (US$68.3 million), one-year, Australian Overnight Index Average (AONIA)-linked floating-rate note (FRN) transaction on 10 December. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 37-40 basis points area over the daily compounded AONIA. UBS is leading.