Interest rate of the fifth interest payment for Silver Bond Series due 2021

Press Releases

02 Jun 2021

Interest rate of the fifth interest payment for Silver Bond Series due 2021

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 fifth interest payment of Silver Bond Series due 2021 (Issue Number 03GB2112R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 22 November 2018 for the Bonds, the fifth interest payment of the Bonds is scheduled to be made on 17 June 2021, and the relevant interest rate is scheduled to be determined and announced on 2 June 2021 as the higher of the prevailing Floating Rate and Fixed Rate.

On 2 June 2021, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +0.53%1
Fixed Rate: +3.00%

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 3.00% per annum.

 

Hong Kong Monetary Authority
2 June 2021

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1

Month

Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%)

November 2020

-0.30

December 2020

-1.00

January 2021

+2.60

February 2021

+0.50

March 2021

+0.60

April 2021

+0.80

Arithmetic Average

+0.53

 

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Last revision date : 02 June 2021