Portland delivers triple-tranche covered bond issue

Best wishes to the respective heads of covered bonds at UBS, BNP Paribas and Deutsche Bank, whose partners all successfully gave birth earlier this month. By what was presumably a strange twist of fate rather than a careful piece of organisation, the children of Armin Peter, Derry Hubbard and Mauricio Noé were all due on the same weekend, at the same celebrity-friendly venue, London's Portland Hospital.