8 yr: Book size: 165; Redemption: 2028-09-28; Comments: CHF165m bail in bond. NR/NR/A+. Valyo(bks)/Raiff. Bks open 100m+ 8NC7 at Saron MS+60/+70 (Libor MS+53.5/+63.5 / 0.3225%-0.4225%), upped to 125m+, then 150m+, spread set SARON MS+68, came 165m. = Libor MS+61.5. Distribution: Switz 100%. Bks 41%, AM 33%, Ins 18%, PF 8%;