Date closed: 6/19/2015

Value: C$5 billion             

On June 19, 2015, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.450% Canada Mortgage Bonds™, Series 66 in an aggregate principal amount of $5,000,000,000 of Canada Mortgage Bonds™, 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 led by Rosalind Morrow that included Francesca F. Smirnakis and Colin Cameron-Vendrig (corporate and securities), Stephen J. Redican, Gus Karantzoulis and Aliza Premji (banking and financial services) and Craig J. Webster (tax) in Toronto and Johanne Thomas (civil) in Montreal.