Press Release
Tender for the Seventeenth Issue of
The Hong Kong Mortgage Corporation Limited Note Issuance Programme
The Hong Kong Monetary Authority (HKMA) announced today (20 October 2000) the tender for the seventeenth issue of The Hong Kong Mortgage Corporation Limited (HKMC) Note Issuance Programme to be held on 26 October 2000 (Thursday).
An amount of HK$500 million in HKMC Notes will be offered for settlement on 27 October 2000 (Friday). The 3-year Notes, which mature on 27 October 2003, will carry interest at the fixed rate of 6.45% per annum payable semi-annually in arrears. Terms and conditions of the issue are described fully in the Prospectus.
The HK$500 million HKMC Notes issue is the seventeenth 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
20 October 2000
Tender information for the seventeenth issue of The Hong Kong Mortgage Corporation Limited Note Issuance Programme :-
| Issue Number | : | S305 |
| Tender Date and Time | : | Thursday 26 October 2000 9:30 a.m. to 10:30 a.m. |
| Issue and Settlement Date | : | 27 October 2000 |
| Amount on Offer | : | HK$500 million |
| Maturity | : | Three years |
| Maturity Date | : | 27 October 2003 |
| Interest Rate | : | 6.45% p.a. |
| Interest Payment Dates | : | 26 April 2001 26 October 2001 26 April 2002 28 October 2002 28 April 2003 27 October 2003 |
| Tender Amount | : | Each tender must be for an amount of HK$50,000 or integral multiples thereof. |
Hong Kong Monetary Authority
20 October 2000
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