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

The Hong Kong Monetary Authority (HKMA) announced today (15 September 2000) the tender for the sixteenth issue of The Hong Kong Mortgage Corporation Limited (HKMC) Note Issuance Programme to be held on 21 September 2000 (Thursday).

An amount of HK$1,000 million in HKMC Bills will be offered for settlement on 22 September 2000 (Friday). The 364-day Bills will be fully redeemed on 21 September 2001. Terms and conditions of the issue are described fully in the Prospectus.

The HK$1,000 million HKMC Bills issue is the fourth Discount Bills to be issued under the HK$20 billion HKMC Note Issuance Programme in which the HKMA acts as the arranger, custodian, agent and operator. The HKMC Bills, 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 general funding purposes.

For further enquiries, please contact:

Thomas Chan, Senior Manager (Press), at 2878 1480 or
Caitlin Wong, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
15 September 2000

THE HONG KONG MORTGAGE CORPORATION LIMITED
NOTE ISSUANCE PROGRAMME TENDER INFORMATION

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

Hong Kong Monetary Authority
15 September 2000