Interest rate of the second interest payment for Silver Bond Series due 2022

Press Releases

15 Jul 2020

Interest rate of the second interest payment for Silver Bond Series due 2022

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) the relevant per annum interest rate for the second interest payment of Silver Bond Series due 2022 (Issue Number 03GB2207R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 4 July 2019 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 29 July 2020, and the relevant interest rate is scheduled to be determined and announced on 15 July 2020 as the higher of the prevailing Floating Rate and Fixed Rate.

On 15 July 2020, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.03%1
Fixed Rate: +3.00%

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 3.00% per annum.

 

Hong Kong Monetary Authority
15 July 2020

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1

Month

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

December 2019

+2.90

January 2020

+1.40

February 2020

+2.20

March 2020

+2.30

April 2020

+1.90

May 2020

+1.50

Arithmetic Average

+2.03

 

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Last revision date : 15 July 2020