Canada Housing Trust™ No. 1 completes C$5.5 million debt financing

Date Closed: 12/21/2011

Value: C$5.5 billion 

On December 21, 2011, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.850% Canada Mortgage Bonds, Series 43 (Re-opening), in an aggregate principal amount of $5,500,000,000, which was provided with Canada’s sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

CMHC was represented in-house by 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, Terence Lui and Mark Lau (corporate and securities), Stephen Redican, Gus Karantzoulis, Tiffany Murray, Sabrina K. Ceccarelli and Jenna Grant (banking and financial services) and Larissa Tkachenko (tax) in Toronto and Johanne Thomas (civil) in Montreal.