SAFA’s September 2027 syndicated tap progresses to launch

On 6 June, South Australian Government Financing Authority (SAFA) (AA/Aa1) launched a syndicated increase of up to A$750 million (US$561.8 million) to its September 2027 benchmark bond. The forthcoming deal is being marketed in the area of 61-62 basis points over EFP or 57.75-58.75 basis points over Australian Commonwealth government bond.