Hong Kong Mortgage Corporation Note Issuance Programme Tender Results

Tender date                      :   18 January 2001

Paper on offer                   :   HKMC Notes

Issue number                     :   S306

Issue date                       :   19 January 2001

Maturity date                    :   19 January 2004

Coupon                           :   5.20%

Amount applied                   :   HK$6,050 MN

Amount allotted                  :   HK$500 MN

Average price accepted (yield)   :   99.38 (5.50 PCT)

Lowest price accepted (yield)    :   99.31 (5.53 PCT)

Pro rata ratio                   :   About 90 PCT

Average tender price (yield)     :   99.16 (5.58 PCT)

End/Thursday, January 18, 2001
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