Canada Housing Trust™ No. 1 completes C$5.5 billion public offering

Date closed: 9/23/2014

Value: C$5.5 billion

On September 23, 2014, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 2.000% Canada Mortgage Bonds™, Series 61 in an aggregate principal amount of C$5,5 billion, which was provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

BLG acted as counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow, Krstina Skocic and Liz Ng (corporate and securities), Stephen Redican, Gus Karantzoulis and Jenna Grant (banking and financial services) and Craig Webster (tax) in Toronto and Johanne Thomas (civil) in Montreal.