Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Zeti Akhtar Aziz
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Carmen Chu
Alan Au
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
515.5995

Press Releases

The Hong Kong Mortgage Corporation Limited Application For S310 Notes By Retail Investors

The Hong Kong Mortgage Corporation Limited (HKMC) announced today (Friday) that the portion of its S310 notes set aside for retail investors has been over-subscribed. In response, the HKMC has decided to increase the allocation of the retail tranche of the issue from HK$100 million up to HK$250 million.

The HK$500 million 3-year issue carries a coupon of 4.28% payable semi-annually. In keeping with the aim of the HKMC to diversify the investor base of its debt securities and to promote the development of the retail debt market, a portion of the issue has been reserved for non-competitive bidding by retail investors.

Application for the retail portion of the issue was closed this afternoon. The issue was well received by retail investors. Over 890 investors have submitted applications using the White Form and the Electronic Initial Public Offering (EIPO) process, involving a total application amount of about HK$300 million (over-subscribed by about two times). These compare favorably with the 144 applications and HK$116.25 million in the last public offer in December 2000.

"We are very encouraged by the positive response of retail investors. The results show that, under the current favourable market conditions and with better knowledge of the benefits of investing in fixed income products, investors are becoming more interested in high quality debt securities as an integral component of a balanced portfolio," said Mr. Peter Pang, Chief Executive Officer of the HKMC. "The HKMC will continue to offer debt securities for subscription by retail investors in its efforts to promote the development of a retail bond market in Hong Kong," he added.

The notes will be tendered on Tuesday 28 August 2001. They will be allocated to retail investors at the Average Accepted Price of the successful bids of the Recognized Dealers in the competitive tender. The results of the tender together with the allotment will be published in the South China Morning Post, Hong Kong Economic Journal, and Hong Kong Economic Times on Wednesday 29 August 2001. The S310 Note will be listed and traded on the Stock Exchange under the stock code 4311 starting on Thursday 30 August 2001.

The Hong Kong Mortgage Corporation Limited
24 August 2001

Last revision date: 1 August 2011
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Information in Other Languages (Bahasa Indonesia, हिन्दी, नेपाली, ਪੰਜਾਬੀ, Tagalog, ไทย, اردو)
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery