Press release

Interest rate of the third interest payment for iBond Series due 2016

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) the relevant per annum interest rate for the third interest payment of iBond Series due 2016 (Issue Number 03GB1606R; Stock Code: 4218) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 28 May 2013 for the Bonds, the third interest payment of the Bonds is scheduled to be made on 24 December 2014, and the relevant interest rate is scheduled to be determined and announced on 10 December 2014 as the higher of the prevailing Floating Rate and Fixed Rate.

On 10 December 2014, the Floating Rate and Fixed Rate are as follows:

Floating Rate: +4.50%(1)
Fixed Rate: +1.00%

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 4.50% per annum.

Hong Kong Monetary Authority
10 December 2014

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Month
Year-on-year rates of change in the 2009/10-based Composite Consumer Price Index (%)
May 2014
+3.70
June 2014
+3.60
July 2014
+4.00
August 2014
+3.90
September 2014
+6.60
October 2014
+5.20

Arithmetic Average
+4.50