Hong Kong Mortgage Corporation Note Issuance Programme Tender Results

Tender date                      :   12 February 2001

Paper on offer                   :   HKMC Notes

Issue number                     :   S307

Issue date                       :   13 February 2001

Maturity date                    :   13 February 2004

Coupon                           :   5.15%

Amount applied                   :   HK$4,530 MN

Amount allotted                  :   HK$500 MN

Average price accepted (yield)   :   99.91 (5.25 PCT)

Lowest price accepted (yield)    :   99.88 (5.26 PCT)

Pro rata ratio                   :   About 63 PCT

Average tender price (yield)     :   99.80 (5.29 PCT)

End/Monday, February 12, 2001
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