SAFA prints A$1 billion tap to May 2028 line

Thursday, 25 August 2022

Updated

Issuer name: South Australian Government Financing Authority
Issuer rating: AA+/Aa1
Issue rating: as issuer
Pricing date: 25 August 2022
Settlement date: 29 August 2022
Maturity date: 24 May 2028
Lead managers: J.P. Morgan, UBS, Westpac Institutional Bank

Transaction type: senior-unsecured
Volume: A$1 billion (US$695.9 million)
Total outstanding in the line: A$4 billion
Coupon type: fixed
Coupon rate: 3%
Issue/re-offer price: 94.989% (plus 0.791% accrued)
Issue yield: 3.985%
Margin: 28bp/10-year futures
Margin to ACGB: 50bp/May 2028