CHIP Mortgage Trust Issues $125 Million of Medium Term Notes TORONTO , July 15, 2021 |CNW| - CHIP Mortgage Trust ("CMT" or the "Trust") today announced that it has concluded the sale of $125 million of senior medium term notes (the "Notes"). The dealer syndicate for this sale was led by Scotiabank and CIBC Capital Markets and included National Bank Financial Markets, BMO Capital Markets, RBC Capital Markets and TD Securities. The Series 2021-1 Notes, issued on July 15, 2021 , have a coupon of 1.503%, are rated AAA (sf) by DBRS Limited and have an expected final payment date of November 15, 2024 . CMT will use the proceeds of this issue to refinance outstanding indebtedness, fund mortgages originated by HomeEquity Bank, and fund ongoing operations. "We received considerable interest from investors in our Notes and have closed another very successful issue, priced at the lowest-ever coupon for any offering by CMT," said Atul Chandra , Executive Vice President and Chief Financial Officer, HomeEquity Bank. "Our Bank has been delivering exceptional operating and financial results, which