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Funding

Retail Bond Issuance Programme

To support the development of the retail bond market, the Corporation established the HK$20 Billion Retail Bond Issuance Programme. Under this programme, placing banks use their retail branch networks, telephone and electronic banking facilities to place debt securities issued by the Corporation with retail investors.  These placing backs also perform the role of market makers for the bonds, facilitating transactions in the secondary market.

 

Major features of the programme are as follows:

 

Issuer

The Hong Kong Mortgage Corporation Limited

Programme Amount

HK$20 billion

Distribution

Distribution through Placing Banks

Application channel

In person to designated branches of the Placing Banks

Currencies

Hong Kong dollars or other currencies

Ranking of the notes

Direct, unsecured and unsubordinated debt obligations of the HKMC

Maturities

Any maturity

Clearing System

Central Moneymarkets Unit (CMU)

 

 

The HKMC will consider applications for Placing Banks for its Retail Bond Issuance Programme. Interested banks or financial institutions are welcome to submit their applications to the Treasury Department of the HKMC for consideration.

Retail Bond Issues

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 are as follows:

Issuer

The Hong Kong Mortgage Corporation Limited

Programme Amount

US$6 billion

Programme Credit Ratings

Long-term local currency and foreign currency

Moody’s: Aa1/ Aa1
Standard & Poor’s: AAA/AAA

 

Short-term local currency and foreign currency

Moody’s: P-1/P-1

Standard & Poor’s: A-1+/ A-1+

Programme Format

Regulation S, EMTH 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

Arrangers and Dealers

Current list (http://www.hkmc.com.hk/eng/ty/businesspartner/mtn.html)

 

 

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

Debt Issuance Programme

The Debt Issuance Programme (DIP) was established to target institutional investors in the Hong Kong dollar debt market.

 

Major features of the DIP are as follows:

 

Issuer

The Hong Kong Mortgage Corporation Limited

Arranger

The Hong Kong Mortgage Corporation Limited

Programme Amount

HK$40 billion

Distribution

Public or private placement; syndicated or non-syndicated

Currencies

Hong Kong dollars only

Ranking of the notes

Direct, unsecured and unsubordinated debt obligations of the HKMC

Maturities

Any maturity

Clearing System

Central Moneymarkets Unit (CMU)

Primary Dealers and Selling Group Members

Current list (http://www.hkmc.com.hk/eng/ty/businesspartner/dip.html)

 

 

The HKMC will consider applications for Primary Dealers and Selling Group Members for its DIP. Interested banks or financial institutions are welcome to submit their applications to the Treasury Department of the HKMC for consideration.

 

 

Announcement

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Retail Bond Issuance Programme

To support the development of the retail bond market, the Corporation established the HK$20 Billion Retail Bond Issuance Programme. Under this programme, placing banks use their retail branch networks, telephone and electronic banking facilities to place debt securities issued by the Corporation with retail investors.  These placing backs also perform the role of market makers for the bonds, facilitating transactions in the secondary market.

 

Major features of the programme are as follows:

 

Issuer

The Hong Kong Mortgage Corporation Limited

Programme Amount

HK$20 billion

Distribution

Distribution through Placing Banks

Application channel

In person to designated branches of the Placing Banks

Currencies

Hong Kong dollars or other currencies

Ranking of the notes

Direct, unsecured and unsubordinated debt obligations of the HKMC

Maturities

Any maturity

Clearing System

Central Moneymarkets Unit (CMU)

 

 

The HKMC will consider applications for Placing Banks for its Retail Bond Issuance Programme. Interested banks or financial institutions are welcome to submit their applications to the Treasury Department of the HKMC for consideration.