Press release

Interest rate of the first interest payment for Silver Bond Series due 2021

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 2021 (Issue Number 03GB2112R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 22 November 2018 for the Bonds, the first interest payment of the Bonds is scheduled to be made on 17 June 2019, and the relevant interest rate is scheduled to be determined and announced on 31 May 2019 as the higher of the prevailing Floating Rate and Fixed Rate.

On 31 May 2019, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.43%(1)
Fixed Rate: +3.00%

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 3.00% per annum.

Hong Kong Monetary Authority
31 May 2019

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(1)

Month

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

November 2018

+2.60

December 2018

+2.50

January 2019

+2.40

February 2019

+2.10

March 2019

+2.10

Aprilr 2019

+2.90


Arithmetic Average

+2.43