Canada Housing Trust No. 1 closes $4.25 billion public offering

Date Closed: 6/23/2004

Value: $4.25 billion

On June 23, 2004, Canada Housing Trust No. 1, a special purpose securitization trust advised by Canada Mortgage and Housing Corp. (CMHC), closed a $4.25 billion offering of Canada Mortgage Bonds, series 8, guaranteed by CMHC.

Canada Housing Trust and CMHC were represented by BLG, with a team that included Rosalind Morrow (securities and derivatives), Stephen Redican (banking and structured finance), Matt Campbell (securities), Gus Karantzoulis (banking and structured finance) and Larissa Tkachenko (tax) in Toronto. Civil law services were provided by Pierre Côté of BLG in Montreal. BLG assisted CMHC’s in-house counsel Douglas Tyler and Reem Hindieh, as well as Ted Fujisawa, executive director of CIBC, the administrator of the Trust.