SAFA prices A$30 million FRN tap

Tuesday, 28 February 2023

Updated

Issuer name: South Australian Government Financing Authority
Issuer rating: AA+/Aa1
Issue rating: as issuer
Pricing date: 27 February 2023
Settlement date: 28 February 2023
Maturity date: 15 June 2027
Arranger: ANZ

Transaction type: senior-unsecured bond tap
Volume: A$30 million (US$20.2 million)
Total outstanding in the line: A$1.16 billion
Coupon type: FRN
Coupon rate: AONIA +31bp
Issue/re-offer price: 100.629% (plus 0.706% accrued)
Margin: 15bp/AONIA