The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announces today (January 27) the relevant per annum interest rate for the first interest payment of Silver Bond Series due 2019 (Issue Number: 03GB1908R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
 
     According to the Issue Circular dated July 15, 2016 for the Bonds, the first interest payment of the Bonds is scheduled to be made on February 13, 2017, and the relevant interest rate is scheduled to be determined and announced on January 27, 2017 as the higher of the prevailing Floating Rate and Fixed Rate. 
 
     On January 27, 2017, the Floating Rate and Fixed Rate are as follows:
 
          Floating Rate: +2.15% (Annex)
          Fixed Rate: +2.00%
 
     Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 2.15% per annum.

Ends/Friday, January 27, 2017
Issued at HKT 14:30

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