Tender for the Fourteenth Issue of The Hong Kong Mortgage Corporation Limited Note Issuance Programme

The Hong Kong Monetary Authority (HKMA) announced today the tender for the fourteenth issue of The Hong Kong Mortgage Corporation Limited (HKMC) Note Issuance Programme to be held on 15 June 2000 (Thursday).

An amount of HK$500 million in HKMC Notes will be offered for settlement on 16 June 2000 (Friday). The 2-year Notes, which mature on 17 June 2002, will carry interest at the fixed rate of 6.75% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Prospectus.

The HK$500 million HKMC Notes issue is the fourteenth 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). Each tender must be for an amount of HK$50,000 or integral multiples thereof.

The HKMC will use the proceeds to support its mortgage purchase programme.

Hong Kong Monetary Authority

7 June 2000

THE HONG KONG MORTGAGE CORPORATION LIMITED
NOTE ISSUANCE PROGRAMME
TENDER INFORMATION

Tender information for the fourteenth issue of The Hong Kong Mortgage Corporation Limited Note Issuance Programme :-

Issue Number			: S207

Tender Date and Time		: Thursday 15 June 2000
  				  9:30 a.m. to 10:30 a.m.

Issue and Settlement Date	: Friday 16 June 2000

Amount on Offer			: HK$500 million

Maturity			: Two years

Maturity Date			: 17 June 2002

Interest Rate			: 6.75% p.a.

Interest Payment Dates		: 18 December 2000
  				  18 June 2001
  				  17 December 2001
  				  17 June 2002

Tender Amount			: Each tender must be for
  				  an amount of HK$50,000
  				  or integral multiples
  				  thereof. 
 

Hong Kong Monetary Authority
7 June 2000