Canada Housing Trust™ No. 1 completes C$5 billion public offering

Closing Date: 5/23/2013

Value: C$5 billion

On May 23, 2013, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a two-tranche debt financing consisting of the issuance of 2.350% Canada Mortgage Bonds™, Series 52 in an aggregate principal amount of $2 billion and Floating Rate Canada Mortgage Bonds™, Series 53, in an aggregate principal amount of $3 billion for a combined total of $5 billion of Canada Mortgage Bonds™, which were provided with Canada’s sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

CMHC was represented in-house by Sébastien Gignac, Reem Hindieh and Audrey Chauvin, who were assisted by BLG, counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow, Mark Lau and Liz Ng (corporate and securities), Stephen Redican, Gus Karantzoulis and Jenna Grant (banking and financial services) and Craig Webster (tax) in Toronto and Johanne Thomas (civil) in Montreal.