Date: 11/23/2016

Value: C$4.75 billion

On November 23, 2016 Canada Housing Trust™ No. 1, completed a two-tranche debt financing consisting of the issuance of 1.900% Canada Mortgage Bonds™, Series 73 (Second Re-Opening), in an aggregate principal amount of $2,250,000,000 and Floating Rate Canada Mortgage Bonds™, Series 75, in an aggregate principal amount of $2,500,000,000 for a combined total of $4,750,000,000 of Canada Mortgage Bonds™, which were provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

Borden Ladner Gervais LLP represented CMHC with a team led by Rosalind Morrow that included Sienne Lam, Colin Cameron-Vendrig, Stephen Redican, Gus Karantzoulis, Evita Ferreira, Samantha Tom, Craig Webster and Johanne Thomas.