Canada Housing Trust™ No. 1 completes C$5 billion debt financing

Closing Date: 3/21/2013

Value: C$5 billion

On March 21, 2013, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.750% Canada Mortgage Bonds, Series 51, 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).

CMHC was represented in-house by Sébastien Gignac, Reem Hindieh and Audrey Chauvin, who were assisted by BLG, counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow and Mark Lau (corporate and securities), Stephen Redican, Gus Karantzoulis and Jenna Grant (banking and financial services) and Larissa Tkachenko (tax) in Toronto and Johanne Thomas (civil) in Montreal.