On 3 July, South Australian Government Financing Authority (SAFA) (AA/Aa1) launched a new, maximum A$1 billion (US$733.8 million) May 2028 syndicated bond transaction. Indicative price guidance for the forthcoming deal is 51-53 basis points area over the 10-year futures contract, equivalent to 52.25-54.25 basis points area over Australian Commonwealth government bond.