Canada Housing Trust™ No. 1 completes C$5.5 billion debt financing

Date Closed: 6/22/2010

Value: C$5.5 billion

On June 22, 2010, Canada Housing Trust™ No.1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 3.150% Canada Mortgage Bonds, Series 35, in an aggregate principal amount of $5,500,000,000, which was provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corp. (CMHC).  

CMHC was represented in-house and assisted by BLG, counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow and Terence Lui (corporate and securities), Stephen Redican, Gus Karantzoulis and Tiffany Murray (banking and financial services) and Larissa Tkachenko (tax) in Toronto and Johanne Thomas (civil) in Montreal.