Canada Housing Trust™ No. 1 completes C$5 billion debt financing

Closing Date: 9/26/2012

Value: C$5 billion

On September 26, 2012, Canada Housing Trust™ No. 1, a special purpose securitization trust, completed a debt financing consisting of the issuance of 1.700 per cent Canada Mortgage Bonds, Series 49, in an aggregate principal amount of $5 billion which was provided with Canada’s sovereign guarantee through Canada Mortgage and Housing Corporation (CMHC).

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