Interest rate of the second interest payment for Silver Bond Series due 2025

Press Releases

31 Aug 2023

Interest rate of the second interest payment for Silver Bond Series due 2025

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (31 August) the relevant per annum interest rate for the second interest payment of Silver Bond Series due 2025 (Issue Number 03GB2509R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 9 August 2022 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 14 September 2023, and the relevant interest rate is scheduled to be determined and announced on 31 August 2023 as the higher of the prevailing Floating Rate and Fixed Rate.   

On 31 August 2023, the Floating Rate and Fixed Rate are as follows:

Floating Rate: +1.87%1
Fixed Rate: +4.00%

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the second interest payment is determined and announced as 4.00% per annum. 

 

Hong Kong Monetary Authority
31 August 2023

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1

Month

Year-on-year rates of change in the 2019/20-based
Composite Consumer Price Index (CCPI) (%)

February 2023

+1.70

March 2023

+1.70

April 2023

+2.10

May 2023

+2.00

June 2023

+1.90

July 2023

+1.80

Arithmetic Average

+1.87

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Last revision date : 31 August 2023