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

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (8 December) the relevant per annum interest rate for the fourth 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 fourth interest payment of the Bonds is scheduled to be made on 22 December 2022, and the relevant interest rate is scheduled to be determined and announced on 8 December 2022 as the higher of the prevailing Floating Rate and Fixed Rate. 

On 8 December 2022, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.17%¹
Fixed Rate: +3.50%

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

Hong Kong Monetary Authority
8 December 2022

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