Canada Housing Trust closes $2.65 billion bond offering 

Date Closed: 3/24/2003

Value: $2.65 billion

On March 24, 2003, Canada Housing Trust No. 1, a special purpose securitization trust, closed a $2.65 billion offering of 4.4 per cent Canada Mortgage Bonds, series 4, guaranteed by Canada Mortgage and Housing Corporation (CMHC).

BLG represented CMHC and was special counsel to the trust, 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 and Jonathan Willson (tax) in Toronto and Daniel Gendron (civil) in Montreal.