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 S​​kocic 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.