CMHC Issues US$750M Bonds

On November 16, 2005, CMHC issued US$750 million 4.80 per cent bonds due October 1, 2010. The underwriters were led by CIBC World Markets Corp., Merrill Lynch, Pierce, Fenner & Smith Inc. and RBC Capital Markets Corp.

CMHC was represented in-house by Doug Tyler and Louise Michel of CMHC; and by US counsel, Milbank, Tweed, Hadley & McCloy LLP, with a team that included Robert Mullen, Jr., and Stephen Diamond, Jr.

The underwriters were represented by Stikeman Elliott LLP, who acted as Canadian counsel, with a team that included Jamie Davis and Sherry Roth. Winthrop Conrad, Jr., and Jean Weng of Davis Polk & Wardwell acted as US counsel to the underwriters.