Canada Housing Trust completes $5.5 billion bond offering

Date Closed: 12/12/2003

Value: $5.5 billion

Canada Housing Trust No. 1, a special purpose securitization trust advised by Canada Mortgage and Housing Corp. (CMHC), closed a $5.5 billion offering of Canada mortgage bonds, series 6, guaranteed by CMHC. The deal closed on December 12, 2003.

CMHC was represented by in-house counsel Douglas Tyler and Reem Hindieh; and assisted in Canada by BLG, with a team that included Rosalind Morrow (securities and derivatives), Stephen Redican and Gus Karantzoulis (banking and structured finance), Matt Campbell (securities) and Stephen Heller and Jonathan Willson (tax) in Toronto; Daniel Gendron in Montreal provided civil law services.