Interest rate of first interest payment for Silver Bond Series due 2025
***********************************************************************
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (February 28) the relevant per annum interest rate for the first interest payment of Silver Bond Series due 2025 (Issue Number 03GB2509R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated August 9, 2022 for the Bonds, the first interest payment of the Bonds is scheduled to be made on March 14, 2023, and the relevant interest rate is scheduled to be determined and announced on February 28, 2023 as the higher of the prevailing Floating Rate and Fixed Rate.
On February 28, 2023, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +2.38 per cent (Annex)
Fixed Rate: +4.00 per cent
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 4.00 per cent per annum.
Ends/Tuesday, February 28, 2023
Issued at HKT 16:30
Issued at HKT 16:30
NNNN