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| Prospect News home > News index > List of issuers H > Headlines for Hong Kong Mortgage Corp. Ltd. > News item |
S&P rates Hong Kong Mortgage notes AA+
S&P said it assigned an AA+ long-term issue rating to Hong Kong Mortgage Corp. Ltd.’s proposed senior unsecured notes.
Two notes will be drawn from the company’s $12 billion medium-term notes program, with the two-year notes denominated in Hong Kong dollars and the three-year notes denominated in Chinese renminbi.
The rating reflects the long-term issuer credit rating on HKMC’s AA+ issuer rating, the agency said.
The proceeds will be used for general corporate purposes.
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