Tender for the Twenty-Eighth Issue of The Hong Kong Mortgage Corporation Limited Note Issuance Programme

The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the tender for the twenty-eighth issue of The Hong Kong Mortgage Corporation Limited (HKMC) Note Issuance Programme will be held on 13 July 2001 (Friday).

An amount of HK$1,000 million in HKMC Notes will be offered for settlement on 16 July 2001 (Monday). The 3-year Notes, which mature on 16 July 2004, will carry interest at the fixed rate of 5.00% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Prospectus.

The HK$1,000 million HKMC Notes issue is the twenty-eighth tranche of the HK$20 billion HKMC Note Issuance Programme in which the HKMA acts as the arranger, custodian, agent and operator. The HKMC Notes, 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 mortgage purchase programme.

Hong Kong Monetary Authority
9 July 2001

THE HONG KONG MORTGAGE CORPORATION LIMITED
NOTE ISSUANCE PROGRAMME
TENDER INFORMATION

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

Issue Number			:	S309

Tender Date and Time		:	Friday 13 July 2001
					9:30 a.m. to 10:30 a.m.

Issue and Settlement Date	:	Monday 16 July 2001

Amount on Offer			:	HK$1,000 million

Maturity			:	Three years

Maturity Date			:	16 July 2004

Interest Rate			:	5.00% p.a.

Interest Payment Dates		:	16 January 2002, 16 July 2002
					16 January 2003, 16 July 2003
					16 January 2004, 16 July 2004

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

Hong Kong Monetary Authority
9 July 2001