Interest rate of the third 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 (29 February) the relevant per annum interest rate for the third 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 third interest payment of the Bonds is scheduled to be made on 14 March 2024, and the relevant interest rate is scheduled to be determined and announced on 29 February 2024 as the higher of the prevailing Floating Rate and Fixed Rate.   

On 29 February 2024, the Floating Rate and Fixed Rate are as follows:

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

Hong Kong Monetary Authority
29 February 2024

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