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Medium Term Note Programme

The HKMC established the US$6 billion Medium Term Note Programme (MTN Programme) to raise funds in the international institutional market for general financing requirements and to help to broaden its investor base and funding sources.

 

The multi-currency feature of the programme enables the HKMC to issue notes in major currencies (such as Hong Kong dollars, US dollars, renminbi, Australian dollars, British pounds, euro, Japanese yen etc.) to meet the demands of both domestic and overseas investors. The programme also incorporates flexible product features and offering mechanisms that allow public issues as well as private placements, which will increase its appeal to investors with different investment horizons and requirements.

 

Major Features of the MTN Programme

Issuer

The Hong Kong Mortgage Corporation Limited

Programme Amount

US$6 billion

Programme Credit Ratings

Long-term local currency and foreign currency

Moody’s: Aa2 / Aa2
S&P: AA+ / AA+

 

Short-term local currency and foreign currency

Moody’s: P-1 / P-1

S&P: A-1+ / A-1+

Programme Format

Regulation S, EMTN Programme

Distribution

Private or public issues on a syndicated or non-syndicated basis

Currencies

Multi-currencies including HKD, USD, RMB, AUD, GBP, EUR, JPY etc.

Rating of the Notes

Unsecured, senior and unsubordinated debt obligations of the HKMC

Maturities

Any maturity

Listing

The Programme is listed on the Hong Kong Stock Exchange

Clearing System

Central Moneymarkets Unit (CMU), Clearstream, Euroclear

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MTN Programme Arrangers and Dealers

(Last updated in June 2019)


Arrangers
The Hongkong and Shanghai Banking Corporation Limited

J.P. Morgan Securities plc

 

Dealers
Barclays Bank PLC

BNP Paribas

Citigroup Global Markets Limited

Goldman Sachs (Asia) L.L.C.

The Hongkong and Shanghai Banking Corporation Limited

J.P. Morgan Securities plc

Standard Chartered Bank

UBS AG Hong Kong Branch, incorporated in Switzerland with limited liability

 

The HKMC will consider applications for Dealers for its MTN Programme. Interested banks or financial institutions are welcome to submit their applications to the Treasury Department of the HKMC for consideration.

 

Announcement

Jun 27
US$6,000,000,000 Medium Term Note Programme
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Jun 14
The Issue of HK$900,000,000 1.88 per cent. Notes due 2020
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Jun 11
The Issue of HK$500,000,000 2.00 per cent. Notes due 2020
Notice of Listing on The Stock Exchange of Hong Kong Limited
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May 20
The Issue of HK$750,000,000 1.98 per cent. Notes due 2021
Notice of Listing on The Stock Exchange of Hong Kong Limited
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May 15
The Issue of HK$520,000,000 1.96 per cent. Notes due 2020
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Apr 18
The Issue of HK$550,000,000 1.82 per cent. Notes due 2020
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Apr 16
The Issue of HK$1,000,000,000 1.89 per cent. Notes due 2021
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Apr 04
The Issue of HK$500,000,000 1.76 per cent. Notes due 2020
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Mar 21
The Issue of HK$400,000,000 2.09 per cent. Notes due 2021
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Mar 18
The Issue of US$125,000,000 Floating Rate Notes due 2024
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Feb 26
The Issue of HK$1,000,000,000 Floating Rate Notes due 2024
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Feb 12
The Issue of HK$500,000,000 Floating Rate Notes due 2024
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Jan 31
The Issue of HK$500,000,000 Floating Rate Notes due 2022
Notice of Listing on The Stock Exchange of Hong Kong Limited
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