Date closed: 5/28/2015

Value: C$5 billion

On May 28, 2015 Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a two-tranche debt financing consisting of the issuance of 2.550% Canada Mortgage Bonds™, Series 62 (Second Re-Opening), in an aggregate principal amount of $2,000,000,000 and Floating Rate Canada Mortgage Bonds™, Series 65, in an aggregate principal amount of $3,000,000,000 for a combined total of $5,000,000,000 of Canada Mortgage Bonds™, which were 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.