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

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (15 July) the relevant per annum interest rate for the sixth 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 sixth interest payment of the Bonds is scheduled to be made on 29 July 2022, and the relevant interest rate is scheduled to be determined and announced on 15 July 2022 as the higher of the prevailing Floating Rate and Fixed Rate.

On 15 July 2022, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +1.57%¹
Fixed Rate: +3.00%

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the sixth interest payment is determined and announced as 3.00% per annum.

Hong Kong Monetary Authority
15 July 2022

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