Opérations et transactions|1 octobre 2025
CHIP Mortgage Trust issues C$250 million of medium term notes
Torys acted as counsel to CHIP Mortgage Trust with a team that included Jim Hong, Jonathan Cescon, Shaoor Ahmad and Rufaida Hashmi (corporate/securities).
On October 1, 2025, CHIP Mortgage Trust (“CMT”) completed the sale of C$250 million of senior medium term notes. The dealer syndicate for the sale was led by TD Securities Inc. and included CIBC World Markets, Scotiabank, BMO Capital Markets, National Bank Financial Markets and RBC Capital Markets.
The notes have a coupon of 3.872%, are rated AAA (sf) by DBRS Limited and have an expected final payment date of February 1, 2031.
CMT is a wholly owned subsidiary of HomeEquity Bank which is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgage™ product.