Interest rate of the fifth 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 (Thursday) the relevant per annum interest rate for the fifth 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 fifth interest payment of the Bonds is scheduled to be made on 12 February 2019, and the relevant interest rate is scheduled to be determined and announced on 24 January 2019 as the higher of the prevailing Floating Rate and Fixed Rate.

On 24 January 2019, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.53%¹
Fixed Rate: +2.00%

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the fifth interest payment is determined and announced as 2.53% per annum.

Hong Kong Monetary Authority
24 January 2019

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¹