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Interest rate for sixth interest payment of Silver Bond Series due 2025

Press Releases

01 Sep 2025

Interest rate for sixth interest payment of Silver Bond Series due 2025

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (1 September) the relevant per annum interest rate for the sixth 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 sixth interest payment of the Bonds is scheduled to be made on 15 September 20251, andthe relevant interest rate is scheduled to be determined and announced on 1 September 2025 as the higher of the prevailing Floating Rate and Fixed Rate.

On 1 September 2025, the Floating Rate and Fixed Rate are as follows:

Floating Rate: +1.52%2
Fixed Rate: +4.00%

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 4.00% per annum.

 

Hong Kong Monetary Authority
1 September 2025

 

***************************

1

The original sixth interest payment was on 14 September 2025 (Sunday).  As the aforesaid payment date is not a business day in Hong Kong under the definition of the Issue Circular, the interest payment date will be rescheduled to 15 September 2025, i.e. the next day which is a business day in Hong Kong in accordance with the aforesaid Circular.  The interest will be accrued to 15 September 2025, the new payment date.

2

Month

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

February 2025

+1.40

March 2025

+1.40

April 2025

+2.00

May 2025

+1.90

June 2025

+1.40

July 2025

+1.00

Arithmetic Average

+1.52
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Last revision date : 01 September 2025