On 4 August, South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a syndicated increase to its May 2032 line. The forthcoming deal is being marketed at 80-82 basis points area over 10-year futures contract, equivalent to 70.4-72.4 basis points area over Australian Commonwealth government bond.
The Reserve Bank of New Zealand (RBNZ) has embarked on an asset purchasing programme as part of its regular open market operations in support of monetary policy goals. KangaNews will provide subscribers with easy access to asset purchase data, which will be updated as information is made publicly available by the RBNZ.
Following the pricing of its longest-dated syndicated deal, on 30 July, New Zealand Local Government Funding Agency (LGFA) says the deal harnessed momentum generated in the long end by recent syndications from the Australian and New Zealand sovereign borrowers.
On 31 July, South Australian Government Financing Authority (SAFA) (AA+/Aa1) revealed plans for a potential A$1 billion (US$719.5 million) syndicated tap of its May 2032 line in the week beginning 3 August. J.P. Morgan, National Australia Bank, RBC Capital Markets and Westpac Institutional Bank are leading.