SAFA is investigating the issuance of an AONIA linked AUD Floating Rate Note.

SAFA has mandated IHS Markit as the Independent Calculation Agent for the proposed notes and UBS as Arranger for the issue.

Market Consultation

SAFA, in conjunction with IHS Markit and UBS, conducted a series of market consultations regarding the proposed methodology.

Group investor meetings were held in Melbourne, Brisbane and Sydney during 12-14 December 2018.

Information regarding the proposed issue, coupon calculation methodology and product conventions can be found here. (1.33 Mb PDF)

An example of market pricing model can be found here. (267Kb .xls)

A potential capital markets transaction may follow in 2019, subject to market conditions.

For further information please contact SAFA’s Director Treasury Services, Andrew Kennedy: