By Ben Dummett
Canada Housing Trust reopened its five-year bond maturing June 2017 to
raise 5 billion Canadian dollars (US$4.87 billion), according to a
person familiar with the matter.
The offering, launched Tuesday, was priced at 43 basis points over the
Government of Canada 1.50% March 2017 benchmark to yield 1.708%. The
bond carries a coupon of 2.05%.
Canada Housing Trust is part of Canada Mortgage and Housing Corp.
(CMH.YY). It uses proceeds from the issue of Canada mortgage bonds to
purchase mortgages packaged into National Housing Act mortgage-backed
securities.
Write to Ben Dummett at ben.dummett@dowjones.com
(END) Dow Jones Newswires
June 13, 2012 09:53 ET (13:53 GMT)
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