On 26 February, UBS Australia Branch (UBS Australia) (A+/A1/AA-) launched a domestic transaction. The forthcoming deal is comprised of a three-year floating-rate tranche, and a five-year tranche in either or both of fixed- and floating-rate formats. Indicative price guidance for the shorter-dated tranche is 75 basis points area over three-month bank bills, while the five-year is being marketed at 95 basis points area over swap benchmarks.