Date closed: 12/18/2015

Value: C$5 billion

On December 18, 2015, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.250% Canada Mortgage Bonds™, Series 68 (Re-Opening), in an aggregate principal amount of $5,000,000,000 of Canada Mortgage Bonds™, which was provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

BLG represented CMHC and the Trust with a team led by Rosalind Morrow that included Francesca Smirnakis, Colin Cameron-Vendrig, Stephen Redican, Gus Karantzoulis, Aliza Premji, Arthur Nahas, Craig Webster and Johanne Thomas.