48 : Bonds -

Canada Housing Trust™ No. 1, guaranteed by the Canada Mortgage and Housing Corporation (CMHC).

Other potential, less likely contexts for "48 bonds" include: A sample of 48 green bonds from European countries. An emerging market fund portfolio with 48 bonds. 48 : Bonds

These issuances often involve billions of dollars in principal amounts (e.g., C$17 billion in some offerings). Canada Housing Trust™ No

They are often assigned high credit ratings, such as "AAA". Canada Housing Trust™ No. 1

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These bonds are issued to support mortgage funding in Canada.

Series 48 bonds have been issued with a 2.400% interest rate, and specific series matured in December 2022.