Canada Housing Trust™ No. 1 completes C$5.25 billion two-tranche debt financing

Closing Date: 11/23/2012

Value: C$5.25 billion

On November 23, 2012, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a two-tranche debt financing consisting of the issuance of Floating Rate Canada Mortgage Bonds™, Series 50, in an aggregate principal amount of $3 billion and 2.400 per cent Canada Mortgage Bonds™, Series 48 (Re-Opening), in an aggregate principal amount of $2.25 billion for a combined total of $5.25 billion of Canada Mortgage Bonds™, which were 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 and Jenna Grant (banking and financial services) and Larissa Tkachenko (tax) in Toronto and Johanne Thomas (civil) in Montréal.