Canada Housing Trust completes $4.45 billion bond offering

Date Closed: 3/17/2004

Value: $4.45 billion

On March 17, 2004, Canada Housing Trust No. 1, a special purpose securitization trust advised by Canada Mortgage and Housing Corporation (CMHC), closed a $4.45 billion offering of Canada Mortgage Bonds, series 7, guaranteed by CMHC.

CMHC and the trust were represented 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 Larissa Tkachenko (tax) in Toronto, and Daniel Gendron (civil) in Montreal. BLG also assisted CMHC’s in-house counsel.