SAFA reveals plans for AONIA-FRN deal

On 29 November, South Australian Government Financing Authority (SAFA) (AA+/Aa1) revealed plans for a possible Australian dollar denominated, Australian overnight index average-linked floating-rate note (AONIA-FRN) transaction. Market consultation for the proposed structure will take place in late 2018, with a possible transaction to follow in 2019. Meetings will be held in Sydney, Melbourne and Brisbane in the week commencing 12 December.