Interest rate of the sixth interest payment for iBond 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 (Wednesday) the relevant per annum interest rate for the sixth interest payment of iBond Series due 2019 (Issue Number 03GB1906R; Stock Code: 4231) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated 19 May 2016 for the Bonds, the sixth interest payment of the Bonds is scheduled to be made on 20 June 2019, and the relevant interest rate is scheduled to be determined and announced on 5 June 2019 as the higher of the prevailing Floating Rate and Fixed Rate.
On 5 June 2019, the Floating Rate and Fixed Rate are as follows:-
Floating Rate: +2.43%(1)
Fixed Rate: +1.00%
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the sixth interest payment is determined and announced as 2.43% per annum.
Hong Kong Monetary Authority
5 June 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 |
April 2019 |
+2.90 |
Arithmetic Average |
+2.43 |