On April 28, 2026, HomeEquity Bank subsidiary CHIP Mortgage Trust (CMT) closed its offering of $200 million aggregate principal amount of Series 2026-1 4.066% senior secured medium-term notes. The offering was completed on an agency basis through a syndicate of investment dealers led by TD Securities, CIBC Capital Markets and Scotiabank. CMT intends to use the net proceeds from the offering to refinance outstanding indebtedness, to acquire mortgages originated by HomeEquity Bank and to fund ongoing operations.
CMT is a wholly owned subsidiary of HomeEquity Bank, which is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions. HomeEquity Bank is a portfolio company of Ontario Teachers’ Pension Plan Board.
Osler, Hoskin & Harcourt LLP advised the syndicate of agents with a team consisting of Rick Fullerton, Desmond Christy (Financial Services) and Nathan Wolgelerenter (articling student).
Key Contact
Partner, Financial Services, Toronto
Team
Associate, Financial Services, Toronto
Articling Student, Toronto
