On 12 February, South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a new May 2032 syndicated transaction, with the ability to issue up to A$1 billion (US$671.5 million). The forthcoming deal is being marketed in the range of 71.5-73.5 basis points area over 10-year futures contract. Pricing is expected on the day after launch, according to Bank of America Securities, Commonwealth Bank of Australia, National Australia Bank and UBS.