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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 July 2015 )


Arrangers
The Hongkong and Shanghai Banking Corporation Limited

J.P. Morgan Securities plc

 

Dealers
Barclays Bank PLC

BNP Paribas

Citigroup Global Markets Limited

Deutsche Bank AG, Singapore Branch

Goldman Sachs (Asia) L.L.C.

The Hongkong and Shanghai Banking Corporation Limited

J.P. Morgan Securities plc

Nomura International plc

Standard Chartered Bank

UBS AG, Hong Kong Branch

 

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

Feb 08
The Issue of HK$1,000,000,000 Floating Rate Notes due 2020
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Feb 07
The Issue of HK$1,000,000,000 Floating Rate Notes due 2021
Notice of Listing on The Stock Exchange of Hong Kong Limited
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Jan 30
The Issue of HK$1,900,000,000 Floating Rate Notes due 2021
Notice of Listing on The Stock Exchange of Hong Kong Limited
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