On 8 February, South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a new May 2034, A$1 billion (US$767.2 million) capped, syndicated transaction. The forthcoming deal is being marketed at 64-66 basis points area over the 10-year futures contract, equivalent to 53.25-55.25 basis points area over Australian Commonwealth government bond.