Hong Kong Mortgage Corporation Note Issuance Programme Tender Results

Tender date                      :   26 April 2001

Paper on offer                   :   HKMC Notes

Issue number                     :   S308

Issue date                       :   27 April 2001

Maturity date                    :   27 April 2004

Coupon                           :   5%

Amount applied                   :   HK$3,110 MN

Amount allotted                  :   HK$500 MN

Average price accepted (yield)   :   99.75 (5.15 PCT)

Lowest price accepted (yield)    :   99.71 (5.17 PCT)

Pro rata ratio                   :   About 38 PCT

Average tender price (yield)     :   99.63 (5.20 PCT)

End/Thursday, April 26, 2001
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