Interest rate of second interest payment for Silver Bond Series due 2027

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (9 October) the relevant per annum interest rate for the second interest payment of Silver Bond Series due 2027 (Issue Number: 03GB2710R) (the Bonds) issued under the Infrastructure Bond Programme.

According to the Issue Circular dated 30 September 2024 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 23 October 2025, and the relevant interest rate is scheduled to be determined and announced on 9 October 2025 as the higher of the prevailing Floating Rate and Fixed Rate.

On 9 October 2025, 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 second interest payment is determined and announced as 4.00% per annum.

Hong Kong Monetary Authority
9 October 2025

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