Tender for the twenty-third Issue of The Hong Kong Mortgage Corporation Limited Note Issuance Programme

The Hong Kong Monetary Authority (HKMA) announced today (27 February 2001) that the tender for the twenty-third issue of The Hong Kong Mortgage Corporation Limited (HKMC) Note Issuance Programme will be held on 5 March 2001 (Monday).

An amount of HK$1,000 million in HKMC Bills will be offered for settlement on 6 March 2001 (Tuesday). The 364-day Bills will be fully redeemed on 5 March 2002. Terms and conditions of the issue are described fully in the Prospectus.

The HK$1,000 million HKMC Bills issue is the seventh 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.

Hong Kong Monetary Authority

27 February 2001

THE HONG KONG MORTGAGE CORPORATION LIMITED
NOTE ISSUANCE PROGRAMME
TENDER INFORMATION

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

Issue Number                :   S007

Tender Date and Time        :   Monday 5 March 2001

                                9:30 a.m. to 10:30 a.m.

Issue and Settlement Date   :   Tuesday 6 March 2001

Amount on Offer             :   HK$1,000 million

Maturity                    :   364 days

Maturity Date               :   5 March 2002

Interest Rate               :   N.A.

Interest Payment Dates      :   N.A.

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

Hong Kong Monetary Authority

27 February 2001