Press release

Interest rate of the first interest payment for Silver Bond Series due 2019

The following is issued by the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Friday) the relevant per annum interest rate for the first interest payment of Silver Bond Series due 2019 (Issue Number 03GB1908R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 15 July 2016 for the Bonds, the first interest payment of the Bonds is scheduled to be made on 13 February 2017, and the relevant interest rate is scheduled to be determined and announced on 27 January 2017 as the higher of the prevailing Floating Rate and Fixed Rate.

On 27 January 2017, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.15%(1)
Fixed Rate: +2.00%

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 2.15% per annum.

Hong Kong Monetary Authority
27 January 2017

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(1)

Month

Year-on-year rates of change in the 2014/15-based Composite Consumer Price Index (%)

July 2016

+2.30

August 2016

+4.30

September 2016

+2.70

October 2016

+1.20

November 2016

+1.20

December 2016

+1.20


Arithmetic Average

+2.15