The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the tender for the thirtieth issue of the 3-year Notes issued by The Hong Kong Mortgage Corporation Limited (HKMC) will be held on 28 August 2001 (Tuesday).
An amount of HK$500 million HKMC Notes will be offered for settlement on 29 August 2001 (Wednesday). The 3-year Notes, which will mature on 30 August 2004, will carry interest at the fixed rate of 4.28% per annum payable semi-annually in arrears. The terms and conditions of the issue are described fully in the Prospectus and the Supplemental Prospectus both dated 17 August 2001.
The HKMC will use the proceeds to support its general working capital purpose.
The HK$500 million HKMC Notes issue is the thirtieth 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 per Note, will be cleared through the Central Moneymarkets Unit (CMU). Each tender must be for an amount of HK$50,000 or integral multiples thereof.
Copies of the Prospectus, Supplemental Prospectus and the Application Form relating to the forthcoming issue are available for collection by the public at certain designated centres of Hang Seng Bank and Dao Heng Bank from 21 August 2001 on. The public may submit their tender applications using the Application Form or by giving electronic instructions through brokers or custodians who are participants of Hong Kong Securities Clearing Company Limited ("Hongkong Clearing"), or directly through Hongkong Clearing if they hold Investor Accounts at Hongkong Clearing. They may also tender for the Notes through any of the Market Makers or Recognised Dealers on the published list which can be obtained from the HKMA at 30/F., 3 Garden Road, Hong Kong (telephone 2878 8150). The application period for the Notes closes at 12:00 noon (for Application Form) and 3:45 p.m. (for electronic instruction) on 24 August 2001. The application by Recognised Dealers closes at 10:30 a.m. on 28 August 2001.
The Notes will be issued to the Recognised Dealers and the public, and will be listed on the Stock Exchange of Hong Kong.
Hong Kong Monetary Authority
20 August 2001
THE HONG KONG MORTGAGE CORPORATION LIMITED
NOTE ISSUANCE PROGRAMME
TENDER INFORMATION
Tender information for the thirtieth issue of The Hong Kong Mortgage Corporation Limited Note Issuance Programme :-
Issue Number : S310
Stock Code : 4311(HKMC 4.28 0408)
Tender Date and Time : Tuesday 28 August 2001
9:30 a.m. to 10:30 a.m.
Issue and Settlement Date : Wednesday 29 August 2001
Listing Date : Thursday 30 August 2001
Aggregate Principal Amount of Issue : Up to HK$500 million
Aggregate Principal Amount of Issue
Reserved for Public Subscription by Non-
Competitive Tender : Not more than HK$250 million and not
less than HK$100 million
Maturity : 3 years
Maturity Date : 30 August 2004
Interest Rate : 4.28% p.a., payable semi-annually
Interest Payment Dates : 28 February 2002
29 August 2002
28 February 2003
29 August 2003
27 February 2004
30 August 2004
Tender Amount : Each tender must be for an amount of HK$50,000 or
integral multiples thereof.
Other Details : Please see the Prospectus and
Supplemental Prospectus published or approach Market Makers
or Recognised Dealers, Hongkong Clearing or broker or custodian
participants of Hongkong Clearing.
Hong Kong Monetary Authority
20 August 2001
