Interest rate of the second interest payment for iBond Series due 2019

Press Releases

06 Jun 2017

Interest rate of the second interest payment for iBond Series due 2019

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Tuesday) the relevant per annum interest rate for the second interest payment of iBond Series due 2019 (Issue Number 03GB1906R; Stock Code: 4231) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 19 May 2016 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 20 June 2017, and the relevant interest rate is scheduled to be determined and announced on 6 June 2017 as the higher of the prevailing Floating Rate and Fixed Rate.

On 6 June 2017, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +1.02%1

Fixed Rate: +1.00%

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 1.02% per annum.

 

Hong Kong Monetary Authority
6 June 2017

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1

Month

Year-on-year rates of change in the 2014/15-based Composite Consumer Price Index (%)

November 2016

+1.20

December 2016

+1.20

January 2017

+1.30

February 2017

-0.10

March 2017

+0.50

April 2017

+2.00

Arithmetic Average

+1.02

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Last revision date : 06 June 2017