Press release

Interest rate of the third 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 (Monday) the relevant per annum interest rate for the third 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 third interest payment of the Bonds is scheduled to be made on 24 December 2018, and the relevant interest rate is scheduled to be determined and announced on 10 December 2018 as the higher of the prevailing Floating Rate and Fixed Rate.

On 10 December 2018, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.43%(1)
Fixed Rate: +2.00%

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 2.43% per annum.

Hong Kong Monetary Authority
10 December 2018

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(1)

Month

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

May 2018

+2.10

June 2018

+2.40

July 2018

+2.40

August 2018

+2.30

September 2018

+2.70

October 2018

+2.70


Arithmetic Average

+2.43