SAFA launches A$750 million syndicated tap to its August 2024 select line

South Australian Government Financing Authority (SAFA) (AA/Aa1) launched a syndicated increase to its August 2024 select line on 22 January. The forthcoming deal will be for volume of up to A$750 million (US$600 million) and has price guidance of 7.5-9.5 basis points over EFP, equivalent to 32-34 basis points over Australian Commonwealth government bond.