SAFA launches syndicated increase to 2022 and 2026 select lines

On 11 September, South Australian Government Financing Authority (SAFA) (AA/Aa1) launched syndicated increases for up to A$500 million (US$355.5 million) in each of its September 2022 and July 2026 select lines. The September 2022 tap has indicative price guidance of 40-42 basis points over EFP, equivalent to 36.75-38.75 basis points over Australian Commonwealth government bond (ACGB). The July 2026 tap is being marketed at 36-38 basis points over EFP and 48-50 basis points over ACGB.