​Canada Housing Trust™ No. 1 completes C$5 billion public offering

Date Closed: 12/19/2014

Value: C$5 billion

On December 19, 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 (Re-Opening), in an aggregate principal amount of $5,000,000,000 which was provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

BLG acted as counsel to counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow, Krstina Skocic and Colin Cameron-Vendrig (corporate and securities), Stephen Redican, Gus Karantzoulis, Jenna Grant and Aliza Premji (banking and financial services) and Daniel Lang (tax) in Toronto and Johanne Thomas (civil) in Montreal.