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

Closing Date: 6/20/2012

Value: C$5 billion

On June 20, 2012, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 2.050 per cent Canada Mortgage Bonds, Series 46 (Re-opening), in an aggregate principal amount of $5 billion 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, Tiffany Murray, Sabrina Kumar Ceccarelli and Jenna Grant (banking and financial services) and Larissa Tkachenko (tax) in Toronto and Johanne Thomas (civil) in Montréal.