SAFA announces plans to issue new select line FRN by tender
- Monday, 01 September 2014
On September 1, the South Australian Government Financing Authority (SAFA) (AA/Aa1) announced its intention to issue up to A$1.5 billion (US$1.4 billion) of a new floating-rate note (FRN) benchmark issue. The indicative price range on the forthcoming December 2018 maturity bond is 7-10 basis points over bank bill swap rate (BBSW), SAFA says.
