Date closed: 8/26/2015

Value: C$4.25 billion

On August 26, 2015, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a two-tranche debt financing consisting of the issuance of 1.950% Canada Mortgage Bonds™, Series 67, in an aggregate principal amount of $2,000,000,000 and Floating Rate Canada Mortgage Bonds™, Series 65 (Re-Opening), in an aggregate principal amount of $2,250,000,000 for a combined total of $4,250,000,000 of Canada Mortgage Bonds™, which were 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, Francesca Smirnakis and Colin Cameron-Vendrig (corporate and securities), Stephen Redican, Gus Karantzoulis, Aliza Premji (banking and financial services) and Daniel Lang (tax) in Toronto and Johanne Thomas (civil) in Montreal.