Canada Housing Trust closes $3.1 billion bond offering

Date Closed: 12/18/2002

Value: $3.1 billion

On December 18, 2002, Canada Housing Trust No. 1, a special purpose trust, closed a $3.1 billion offering of 4.40 per cent Canada Mortgage Bonds, series 4, due March 15, 2008 and guaranteed by Canada Mortgage and Housing Corporation (CMHC). Borden Ladner Gervais LLP represented CMHC and was special counsel to the trust.

The BLG team included Rosalind Morrow (securities and derivatives), Stephen Redican and Gus Karantzoulis (banking and structured finance), Larissa Tkachenko and Jonathan Willson (tax) and Matt Campbell (securities) in Toronto, and civil law services were provided by Daniel Gendron in Montreal.