Canadian Home Income Plan (CHIP), the country's only issuer of reverse-equity mortgages, recently priced its initial public offering, which received strong investor interest.

"The investors really liked the structure and the public nature of the deal," said Darcy Doherty, director of securitization at Scotia Capital, which was lead manager in the offering. He added that there were 19 investors who participated in the deal, a good showing for a $119 million transaction.

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