Date closed: 09/22/2016

Value: C$5 billion

On September 22, 2016 Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.15% Canada Mortgage Bonds™, Series 74, in an aggregate principal amount of $5,000,000,000, which was provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

BLG acted as counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow, Sienne Lam and Colin Cameron-Vendrig (corporate and securities), Stephen Redican, Gus Karantzoulis, Aliza Premji, Arthur Nahas and Evita Ferreira (banking and financial services) and Craig Webster (tax) in Toronto and Johanne Thomas (civil) in Montréal.