SAFA launches syndicated tap of May 2028 select line

South Australian Government Financing Authority (SAFA) (AA+/Aa1) launched a maximum A$1 billion (US$722 million) syndicated increase to its May 2028 select line on 12 November. The forthcoming deal has indicative price guidance of 48-50 basis points over the 10-year futures contract, equivalent to 49.25-51.25 basis points over Australian Commonwealth government bond.