On 12 July 2022, SAFA successfully completed a syndicated placement for $1 billion of the May 2036 Fixed Rate Select Line, taking outstandings in this benchmark line to $2 billion.
The bonds yielded 4.435%, with ANZ, Barrenjoey, Citi Australia and Westpac Institutional Bank acting as Joint Lead Managers on the transaction.
SAFA’s Director Treasury Services, @Andrew Kennedy, commented,
“Financial markets are experiencing a difficult period with heightened volatility and decreased liquidity. It was extremely pleasing to be able to work with our banks to successfully place this substantial transaction to a range of domestic and international debt investors across a number of different investor groups.”
This was SAFA’s first long term fixed rate transaction via syndication since issuing $750 million of the 2034 line in February, and $300 million of the 2030 line via public tender in April. It also represents the first issue of SAFA’s FY 2022-23 $6.6 billion financing task.
For further information about SAFA’s funding or operations, visit the Treasury Services part of the SAFA website