Interest rate for first interest payment of Silver Bond Series due 2027
The following is issued by the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (9 April) the relevant per annum interest rate for the first 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 first interest payment of the Bonds is scheduled to be made on 23 April 2025, and the relevant interest rate is scheduled to be determined and announced on 9 April 2025 as the higher of the prevailing Floating Rate and Fixed Rate.
On 9 April 2025, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.63%1
Fixed Rate: +4.00%
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 4.00% per annum.
Hong Kong Monetary Authority
9 April 2025
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1
Month |
Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%) |
September 2024 |
+2.20 |
October 2024 |
+1.40 |
November 2024 |
+1.40 |
December 2024 |
+1.40 |
January 2025 |
+2.00 |
February 2025 |
+1.40 |
Arithmetic Average |
+1.63 |