August 20, 2014 / 2:23 PM / 3 years ago

New Issue-Canhou adds dual tranche deal

2 Min Read

Aug 20 (Reuters) -Following are terms and conditions

of a dual tranche deal added on Wednesday.

Borrower Canada Housing Trust No.1

Guarantor Canada Mortgage and Housing Corp

* * * *

Tranche 1

Issue Amount C$2.0 billion

Maturity Date June 15, 2024

Coupon 2.9 pct

Issue price 103.218

Yield 2.527 pct

Spread 45.5 basis points

Underlying govt bond Over the 2.5 pct Due 2024 Canada Bond

Full Fees 0.25 pct (0.15 pct selling & 0.1 pct M&U)

Notes The issue size wil total C$6.0 billion

When fungible

* * * *

Tranche 2

Issue Amount C$3.0 billion

Maturity Date September 15, 2019

Coupon 3-Month CDOR - 6bp

Issue price 100.06

Discount Margin 3-Month CDOR - 7.1bp

Full Fees 0.1 pct (0.06 pct selling & 0.04 pct M&U)

Notes The issue size wil total C$5.5 billion

When fungible

* * * *

Common Terms

Payment Date August 27, 2014

Lead Manager(s) BMO Capital, RBC Capital Markets, Scotia Bank &

TD Securities

Ratings Aaa (Moody's), AAA (S&P),

AAA (Fitch)

Listing Lux

Denoms (K) 5

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