Canada Housing Trust No. 1 closes C$4.35 billion bond offering

Date Closed: 9/20/2004

Value: C$4.35 billion

On September 20, 2004, Canada Housing Trust No. 1, a special purpose securitization trust, closed a $4.35 billion offering of Canada Mortgage Bonds, series 8, guaranteed by Canada Mortgage and Housing Corp. (CMHC).

CMHC was represented in-house by Douglas Tyler and Reem Hindieh, and by BLG, 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 (tax) in Toronto, and Daniel Gendron (civil) in Montreal.