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

Date Closed: 12/19/2013

Value: C$5 billion 

On December 19, 2013, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 2.350% Canada Mortgage Bonds™, Series 56 (Re-Opening) in an aggregate principal amount of $5 billion, which was provided with Canada’s sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

BLG acted as counsel to CMHC and as special counsel to the trust. The BLG team included Rosalind Morrow, Mark Lau, Liz Ng, Stephen Redican, Gus Karantzoulis, Jenna Grant, Craig Webster, and Johanne Thomas.