Hong Kong Monetary Authority - Interest rate of second interest payment for Silver Bond Series due 2028

Press Releases

25 Sep 2026

Interest rate of second interest payment for Silver Bond Series due 2028

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (25 September) the relevant per annum interest rate for the second interest payment of Silver Bond Series due 2028 (Issue Number: 03GB2810R) (the Bonds) issued under the Infrastructure Bond Programme.

According to the Issue Circular dated 15 September 2025 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 12 October 2026, and the relevant interest rate is scheduled to be determined and announced on 25 September 2026 as the higher of the prevailing Floating Rate and Fixed Rate.

On 25 September 2026, the Floating Rate and Fixed Rate are as follows:-

Floating Rate:	+1.80%¹
Fixed Rate:	+3.85%

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 3.85% per annum.

Hong Kong Monetary Authority
25 September 2026

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Month	Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%)
March 2026	+1.70
April 2026	+1.70
May 2026	+2.00
June 2026	+2.00
July 2026	+1.70
August 2026	+1.70
Arithmetic Average	+1.80

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