By William Gullotti
Buffalo, N.Y., Feb. 11 – Hong Kong Mortgage Corp. Ltd. priced $50 million of 0.865% one-year notes at par, according to a listing notice with an appended offering circular on Monday.
The Regulation S notes are issued under the company’s $20 billion medium-term note program.
The dealer for the offering is HSBC Ltd.
Proceeds will be used to meet general financing requirements.
The listing on the Stock Exchange of Hong Kong Ltd. is expected to be effective on Feb. 11.
Hong Kong Mortgage is a government-controlled buyer of home loans.
| Issuer: | Hong Kong Mortgage Corp. Ltd.
|
| Amount: | $50 million
|
| Issue: | Notes, series M1_272
|
| Maturity: | Feb. 10, 2023
|
| Dealer: | HSBC Ltd.
|
| Counsel to issuer: | Clifford Chance
|
| Counsel to dealer: | Allen & Overy
|
| Coupon: | 0.865%
|
| Price: | Par
|
| Yield: | 0.865%
|
| Pricing date: | Feb. 4
|
| Issue date: | Feb. 10
|
| Listing date: | Feb. 11
|
| Distribution: | Regulation S
|
| ISIN: | XS2439206397
|
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