Interest rate of second interest payment for Silver Bond Series due 2025
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (August 31) the relevant per annum interest rate for the second 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 second interest payment of the Bonds is scheduled to be made on September 14, 2023, and the relevant interest rate is scheduled to be determined and announced on August 31, 2023 as the higher of the prevailing Floating Rate and Fixed Rate.
On August 31, 2023, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.87 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 second interest payment is determined and announced as 4.00 per cent per annum.
Ends/Thursday, August 31, 2023
Issued at HKT 16:30
Issued at HKT 16:30
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