Interest rate of the third interest payment for Silver Bond Series due 2019

Press Releases

29 Jan 2018

Interest rate of the third interest payment for Silver Bond Series due 2019

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Monday) the relevant per annum interest rate for the third 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 15 July 2016 for the Bonds, the third interest payment of the Bonds is scheduled to be made on 12 February 2018, and the relevant interest rate is scheduled to be determined and announced on 29 January 2018 as the higher of the prevailing Floating Rate and Fixed Rate.

On 29 January 2018, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +1.68%1
Fixed Rate: +2.00%

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the third interest payment is determined and announced as 2.00% per annum.

 

Hong Kong Monetary Authority
29 January 2018

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1

Month

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

July 2017

+2.00

August 2017

+1.90

September 2017

+1.40

October 2017

+1.50

November 2017

+1.60

December 2017

+1.70

Arithmetic Average

+1.68

 

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Last revision date : 29 January 2018