Column Canada Issuer Completes First Canadian Offering

Column Canada Issuer Corporation, part of the Credit Suisse Group, completed its first Canadian offering of commercial mortgage-backed securities on July 30, 2002. The total public issue was approximately $292 million. The pass-through certificates were backed by a diverse pool of 53 commercial mortgages secured on properties across Canada. The majority of the mortgages were originated by Column Canada Financial Corp., part of the Credit Suisse Group. The mortgage pool also included mortgages originated by Commercial Mortgage Origination Company of Canada and Laurentian Bank of Canada.
McCarthy Tétrault LLP acted for the Column Canada companies and Credit Suisse First Boston Canada Inc. and TD Securities Inc., as co-lead managers. The McCarthy Tétrault team consisted of Marc MacMullin, Dean Masse, William McCullough and Patrick Squire (real estate) and James Morand (tax). Commercial Mortgage Origination Company of Canada and Laurentian Bank of Canada were represented by Melvyn Rubinoff, Q.C., Howard Rubinoff, Barry Fillimore and Judith Hong Wilkin of Fogler, Rubinoff LLP.