Interest rate of fourth interest payment for Silver Bond Series due 2024
************************************************************************
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (July 27) the relevant per annum interest rate for the fourth interest payment of Silver Bond Series due 2024 (Issue Number 03GB2408R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated June 29, 2021, for the Bonds, the fourth interest payment of the Bonds is scheduled to be made on August 10, 2023, and the relevant interest rate is scheduled to be determined and announced on July 27, 2023, as the higher of the prevailing Floating Rate and Fixed Rate.
On July 27, 2023, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.97 per cent (Annex)
Fixed Rate: +3.50 per cent
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the fourth interest payment is determined and announced as 3.50 per cent per annum.
Ends/Thursday, July 27, 2023
Issued at HKT 16:30
Issued at HKT 16:30
NNNN