Press Releases
Tender for the Sixth Issue of The Hong Kong Mortgage Corporation Limited Notes
The Hong Kong Monetary Authority (HKMA) announced today the tender for the sixth issue of The Hong Kong Mortgage Corporation Limited (HKMC) Notes to be held on December 2 1998 (Wednesday).
An amount of HK$500 million in HKMC Notes will be offered for settlement on Thursday December 3 1998. The 3-year Notes, which mature on December 3 2001, will carry interest at the fixed rate of 7.50% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Information Memorandum.
The HK$500 million HKMC Notes issue is the sixth tranche of the HK$20 billion HKMC Note Issuance Programme in which the HKMA acts as the arranger, custodian, agent and operator. The HKMC Notes, which are denominated in HK$50,000, will be cleared through the Central Moneymarkets Unit (CMU).
The HKMC will use the proceeds to support its mortgage purchase programme.
Members of the public who wish to tender for the Notes may do so through any of the Market Makers or Recognized Dealers on the published list which can be obtained from the HKMA at 30/F, 3 Garden Road, Hong Kong (or telephone 2878 8150). Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Hong Kong Monetary Authority
26 November 1998
THE HONG KONG MORTGAGE CORPORATION LIMITED NOTE ISSUANCE PROGRAMME TENDER INFORMATION
Tender information for the sixth issue of The Hong Kong Mortgage Corporation Ltd Note Issuance Programme :-
| Issue Number : | S304 |
| Tender Date and Time : | Wednesday December 2 1998 9:30 a.m. to 10:30 a.m. |
| Issue and Settlement Date : | Thursday December 3 1998 |
| Amount on Offer : | HK$500 million |
| Maturity : | Three years |
| Maturity Date : | December 3 2001 |
| Interest Rate : | 7.50% p.a., payable semi-annually |
| Interest Payment Dates : | June 3 1999, December 3 1999 June 5 2000, December 4 2000 June 4 2001, December 3 2001 |
| Tender Amount : | Each tender must be for an amount of HK$50,000 or integral multiples thereof. Members of the public who wish to tender for the Notes may approach Market Makers or Recognized Dealers on the published list |
| Other details : | Please see Information Memorandum published or approach Market Makers or Recognized Dealers |
Hong Kong Monetary Authority
26 November 1998