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The Hong Kong Mortgage Corporation Limited

Medium Term Note Programme

The HKMC established the US$30 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


The Hong Kong Mortgage Corporation Limited

Programme Amount

US$30 billion

Programme Credit Ratings

Long-term local currency and foreign currency

Moody’s: Aa3 / Aa3
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


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


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

Rating of the Notes

Unsecured, senior and unsubordinated debt obligations of the HKMC


Any maturity


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 2022)

The Hongkong and Shanghai Banking Corporation Limited

J.P. Morgan Securities plc


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


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.



Feb 28
The issue of HK$8,000,000,000 4.25 per cent. Notes due 2026, HK$3,000,000,000 4.10 per cent. Notes due 2029 and HK$1,000,000,000 4.20 per cent. Notes due 2034 under the US$30,000,000,000 Medium Term Note Programme
Notice of Listing on the Stock Exchange of Hong Kong Limited
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