5.3 yr: Comments: CHF200m Oct 2025 5.3yr exp 0.5% snr unsec. UBS A-/ZKB A. CS/UBS/ZKB. IPTs MS+105/+115 (0.459/0.559%, Eidg+113/+123), guidance MS+100/+110 for 200m max, set MS+100 for 200m, bks closed. With long 8yr. Short first. Eidg+107. Distribution: Switz 100%. AM 46%, PB 32.5%, PF 11.5%, Ins 6%, Tsy 4%.;
8.3 yr: Comments: CHF300m Oct 2028 8.3yr exp 0.75% snr unsec. UBS A-/ZKB A. CS/UBS/ZKB. IPTs MS+120/+130 (0.769/0.869%, Eidg+134/+144), guidance MS+115/+125 for 200m+, set MS+115 for 300m, bks closed. With long 5yr. Short first. Eidg+127. Distribution: Switz 100%. AM 47.5%, PB 24%, PF 13.5%, Ins 11.5%, Tsy 3.5%.;