Hong Kong Mortgage Corporation Note Issuance Programme Tender Results

Tender date                      :   27 June 2001

Paper on offer                   :   HKMC Notes

Issue number                     :   S502

Issue date                       :   28 June 2001

Maturity date                    :   28 June 2006

Coupon                           :   5.50%

Amount applied                   :   HK$3,830 MN

Amount allotted                  :   HK$500 MN

Average price accepted (yield)   :   99.71 (5.65 PCT)

Lowest price accepted (yield)    :   99.63 (5.66 PCT)

Pro rata ratio                   :   About 100 PCT

Average tender price (yield)     :   99.48 (5.70 PCT)

End/Wednesday, June 27, 2001
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