Hong Kong Mortgage Corporation Note Issuance Programme Tender Results

Tender date                      :   13 July 2001

Paper on offer                   :   HKMC Notes

Issue number                     :   S309

Issue date                       :   16 July 2001

Maturity date                    :   16 July 2004

Coupon                           :   5.00%

Amount applied                   :   HK$4,220 MN

Amount allotted                  :   HK$1,000 MN

Average price accepted (yield)   :   99.96 (5.08 PCT)

Lowest price accepted (yield)    :   99.90 (5.10 PCT)

Pro rata ratio                   :   About 29 PCT

Average tender price (yield)     :   99.86 (5.12 PCT)

End/Friday, July 13, 2001
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