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Published on 7/26/2022 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong Mortgage prices HK$804 million 3% notes due 2024 at par

By William Gullotti

Buffalo, N.Y., July 26 – Hong Kong Mortgage Corp. Ltd. priced HK$804 million of 3% notes due July 2024 at par, according to a listing notice with an appended offering circular on Tuesday.

Credit Agricole CIB is the dealer for the Regulation S offering.

Proceeds will be used for general corporate purposes.

Listing for the notes is expected on the Hong Kong Exchange effective July 26.

Hong Kong Mortgage is a government-controlled buyer of home loans.

Issuer:Hong Kong Mortgage Corp. Ltd.
Amount:HK$804 million
Issue:Notes
Maturity:July 25, 2024
Dealer:Credit Agricole CIB
Counsel to issuer:Clifford Chance (Hong Kong, England)
Counsel to dealer:Allen & Overy (England)
Coupon:3%
Price:Par
Yield:3%
Pricing date:July 20
Issue date:July 25
Listing date:July 26
Distribution:Regulation S
ISIN:HK0000863990

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