First Republic Bank Issues Bonds

Published January 26, 2004, 3:00 p.m. EST

1 Min Read

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.

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