Date closed: 9/29/2015

Value: C$5 billion

On September 29, 2015, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.250% Canada Mortgage Bonds™, Series 68, 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, Francesca Smirnakis and Colin Cameron-Vendrig (corporate and securities), Stephen Redican, Gus Karantzoulis, Aliza Premji and Arthur Nahas (banking and financial services) and Craig Webster (tax) in Toronto and Johanne Thomas (civil) in Montreal.