On 23 September, South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a syndicated increase to its May 2028 line. Indicative price guidance for the deal is 6.5-9.5 basis points area over 10-year futures contract, equivalent to 28-31 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers ANZ, Deutsche Bank, HSBC and Nomura.
