Interest rate of the first interest payment for the series of retail green bonds due 2025

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (4 November) the relevant per annum interest rate for the first interest payment of the series of retail green bonds due 2025 (Issue Number: 03GR2505R; Stock Code: 4252) (the Retail Green Bonds) issued under the Government Green Bond Programme.

According to the Issue Circular dated 26 April 2022 for the Retail Green Bonds, the first interest payment of the Retail Green Bonds is scheduled to be made on 18 November 2022, and the relevant interest rate is scheduled to be determined and announced on 4 November 2022 as the higher of the prevailing Floating Rate and Fixed Rate.

On 4 November 2022, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.08%¹
Fixed Rate: +2.50%

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 2.50% per annum.

Hong Kong Monetary Authority
4 November 2022

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1

Note: 

According to Census and Statistics Department's press release dated 21 October 2022, the increase of the CCPI to 4.4% in September 2022 was mainly due to the low base of comparison resulted from the waiver of public housing rentals by Hong Kong Housing Authority in September 2021.