The Hong Kong Mortgage Corporation Limited
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
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
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.
