First Republic Bank Issues Bonds

First Republic Bank and its Trainer Wortham & Co. subsidiary have completed a $275 million collateralized bond obligation, the net proceeds of which have been used to purchase a securities portfolio that consists primarily of mortgage-related debt.The portfolio purchased consists mostly of residential and commercial mortgage-backed securities that have received investment grade ratings, First Republic reported. First Republic can be found on the Web at http://www.firstrepublic.com.