Interest rate of the first interest payment for Silver Bond Series due 2023

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 first interest payment of Silver Bond Series due 2023 (Issue Number 03GB2312R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 11 November 2020 for the Bonds, the first interest payment of the Bonds is scheduled to be made on 22 June 2021, and the relevant interest rate is scheduled to be determined and announced on 7 June 2021 as the higher of the prevailing Floating Rate and Fixed Rate.

On 7 June 2021, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +0.53%¹
Fixed Rate: +3.50%

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 3.50% per annum.

Hong Kong Monetary Authority
7 June 2021

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