The Hong Kong Mortgage Corporation Limited -- Tender Notice for Mortgage Purchase

The Hong Kong Mortgage Corporation Limited (HKMC) is pleased to announce the particulars of the tender to be held on 5 February 1998. Details of the Offer are as follows:

Time for Accepting Bids.......................	10:00 a.m. to 12:00 noon
Settlement Date	To be determined
Tender Amount	Hong Kong Dollars 1 billion
Minimum Offer Amount	Hong Kong Dollars 50 million
Maximum Offer Amount	Hong Kong Dollars 1 billion
Mortgage Product Types	PADI, PAMI, PADT, PAMT
Mortgage Purchasing Criteria	PR0001, PR0002
Minimum Net Required Yield	10.25%
Minimum Gross Mortgage Rate	0.50% over Offer Yield
Maximum Gross Mortgage Rate	2.00% over Offer Yield

Submission of Offer Notice(s) should be made by facsimile to the HKMC at 2536-0036 or 2536-0004.

Hong Kong Mortgage Corporation Limited

3 February 1998