On 12 November, South Australian Government Financing Authority (SAFA) (AA+/Aa1) revised the price guidance for its May 2028 select line syndicated tap to 48-49 basis points over the 10-year futures contract, having launched with a guidance range of 48-50 basis points earlier in the day. The issuer also reveals that bids for the deal – which is capped at A$1 billion (US$721.5 million) – are currently in excess of A$1.48 billion.
The scale of New South Wales (NSW)’s infrastructure task and its well-defined links with sustainable outcomes – in both the environmental and social arenas – enabled NSW Treasury Corporation (TCorp) to debut in the green-bond market with a blockbuster deal. TCorp issued A$1.8 billion (US$1.3 billion) of 10-year green bonds on 9 November.
On 12 November, Christchurch City Holdings (Christchurch City) revealed plans for a potential six-year domestic bond offer to institutional and New Zealand retail investors. Westpac Banking Corporation New Zealand Branch has been mandated to arrange the deal, and lead alongside ANZ. The offer is expected to open on or around 19 November.