Canada Housing Trust closes $4.3 billion offering

Date Closed: 6/25/2003

Value: $4.3 billion

On June 25, 2003, Canada Housing Trust No. 1, a special purpose securitization trust advised by Canada Mortgage and Housing Corporation (CMHC), closed a $4.3 billion offering of 3.7 per cent Canada mortgage bonds, series 5, guaranteed by CMHC.

CMHC was represented in Canada, by BLG and was also special counsel to the trust, with a team that included Rosalind Morrow (securities and derivatives), Stephen Redican and Gus Karantzoulis (banking and structured finance), Matt Campbell (securities) and Larissa Tkachenko and Jonathan Willson (tax) in Toronto. Civil law services were provided by Daniel Gendron of BLG's Montreal office.