SAFA’s September 2022 syndicated tap progresses to launch

The capped A$500 million (US$397.3 million) increase to the September 2022 select line for South Australian Government Financing Authority (SAFA) (AA/Aa1) progressed to launch on 5 September. The forthcoming deal is being marketed at 54.5-56.5 basis points over EFP, or 35-37 basis points over Australian Commonwealth government bond.