Canada Housing Trust™ No. 1 completes C$8.125 billion public offering

Date Closed: 12/21/2006

Value: C$8.125 billion

On December 21, 2006, Canada Housing Trust™ No. 1, a special purpose securitization trust, issued 3.95 per cent Canada Mortgage Bonds, Series 15 in an aggregate principal amount of $8.125 billion, which were provided with Canada’s sovereign guarantee through Canada Mortgage and Housing Corp. (CMHC).

CMHC was represented in-house by Reem Hindieh, Louise Michel and Marc-André Sirois, who were assisted by BLG, special counsel to the trust, with a team that included Rosalind Morrow, Adam Segal and Emma Miller (securities and derivatives), Stephen Redican, Gus Karantzoulis and Terence Lui (banking and structured finance) and Larissa Tkachenko (tax) in Toronto, and Daniel Gendron (civil) in Montreal.