Interest rate of the second interest payment for Silver Bond Series due 2020
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 second interest payment of Silver Bond Series due 2020 (Issue Number 03GB2006R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated 1 June 2017 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 25 June 2018, and the relevant interest rate is scheduled to be determined and announced on 8 June 2018 as the higher of the prevailing Floating Rate and Fixed Rate.
On 8 June 2018, the Floating Rate and Fixed Rate are as follows:-
Floating Rate: +2.10%(1)
Fixed Rate: +2.00%
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 2.10% per annum.
Hong Kong Monetary Authority
8 June 2018
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(1)
Month |
Year-on-year rates of change in the 2014/15-based Composite Consumer Price Index (%) |
November 2017 |
+1.60 |
December 2017 |
+1.70 |
January 2018 |
+1.70 |
February 2018 |
+3.10 |
March 2018 |
+2.60 |
April 2018 |
+1.90 |
Arithmetic Average |
+2.10 |