CMHC Completes US$500M Global Bond Offering

On February 1, 2005, the Canada Mortgage and Housing Corp. (CMHC) completed the sale of US$500 million aggregate principal amount of 3.875 per cent bonds due April 1, 2010. The bonds were offered through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Inc., RBC Capital Markets Corp. and the Toronto-Dominion Bank.

The bonds were offered for sale in the US through a prospectus supplement under CMHC’s existing shelf registration statement and were listed on the Luxembourg Stock Exchange.
CMHC was represented in-house by D.V. Tyler, Louise Michel and Joanne Lucas, and for US matters by Milbank, Tweed, Hadley & McCloy LLP with a team that included Robert Mullen, Jr., and Michael Doak.

The underwriters were represented by Stikeman Elliott LLP with a team that included James Davis in Toronto, Roula Eatrides in Ottawa and Sherry Roth in London, England, and in the US by Davis Polk & Wardwell with a team that included Winthrop Conrad, Jr., Donna Chambers Campbell and Jean Weng.


Sherry Roth Michael Doak Roula Eatrides Tannis M. Carlson Robert W. Mullen, Jr. Edward J. Shortall Winthrop B. Conrad, Jr. James C. Davis


Milbank, Tweed, Hadley & McCloy LLP Stikeman Elliott LLP