Interest rate of the first interest payment for Silver Bond Series due 2024

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (24 January) the relevant per annum interest rate for the first interest payment of Silver Bond Series due 2024 (Issue Number 03GB2408R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 29 June 2021 for the Bonds, the first interest payment of the Bonds is scheduled to be made on 10 February 2022, and the relevant interest rate is scheduled to be determined and announced on 24 January 2022 as the higher of the prevailing Floating Rate and Fixed Rate. 

On 24 January 2022, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.10%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
24 January 2022

***************************

¹