| Please note that the information
set out below is a summary of the defined terms and does not constitute
the full and complete definition of each term. Investors should refer
to the Prospectus for the full and complete definition of each term.
In the event of any discrepancies, the defined terms set out in the
Prospectus will prevail. |
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The Issuer - 
Hong Kong Link 2004 Limited, a limited liability company incorporated
in Hong Kong
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Toll Revenue Bond - up to HK$6,000,000,000 variable rate bond with a legal
final maturity of 2016 issued by HKSAR Government
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The Tolled Facilities include: |
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Tolls - certain revenues generated by the Tolled Facilities. For futher details, please refer to the section headed "Transaction Summary - The Tolled Facilities and Tolls - Tolls" of the
Prospectus |
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Net Toll Revenues - the Tolls which include and exclude certain fees, expenses and other amounts. For futher details, please refer to the section headed "Transaction Summary - Sources of Payment - Net Toll Revenues" of the
Prospectus |
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Notes - notes to be issued by Hong Kong Link 2004 Limited for purchase by
institutional professional investors. There will be two tranches of
Notes: |
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Class A1 Notes with a legal final maturity date of May 2005 |
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Class A2 Notes with a legal final maturity date of May 2016 |
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Retail Bonds - retail bonds to be issued by Hong Kong Link 2004 Limited for purchase
by retail investors. For further details on the Retail Bonds, please refer
to the
Prospectus. There will be three tranches of Retail Bonds: |
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Tranche A 2.75 per cent. Secured Retail Bonds due 2007 |
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Tranche B 3.60 per cent. Secured Retail Bonds due 2009 |
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Tranche C 4.28 per cent. Secured Retail Bonds due 2011 |
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Direct Payments - amounts payable by HKSAR Government to
the Issuer upon the occurrence of certain specified events which cause a decrease in the level of Net Toll Revenues generated by the Tolled Facilities. For further details, please refer
to the section headed "Transaction Summary - Sources of Payment - Direct Payments" of the
Prospectus |
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