Canada Housing Trust completes C$4.95 billion public offering

Date Closed: 12/22/2005

Value: C$4.95 billion

On December 22, 2005, Canada Housing Trust No. 1, a special purpose securitization trust, issued 4.05 per cent Canada Mortgage Bonds, series 13 in an aggregate principal amount of $4.95 billion, which were provided with Canada’s sovereign guaranteee through Canada Mortgage and Housing Corp. (CMHC).

CMHC was represented in-house by Douglas Tyler, Louise Michel and Reem Hindieh, who were assisted by BLG, special counsel to the trust, with a team that included Rosalind Morrow and Adam Segal (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.