Interest rate of the fourth interest payment for Silver Bond Series due 2022
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 (15 July) the relevant per annum interest rate for the fourth interest payment of Silver Bond Series due 2022 (Issue Number 03GB2207R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated 4 July 2019 for the Bonds, the fourth interest payment of the Bonds is scheduled to be made on 29 July 2021, and the relevant interest rate is scheduled to be determined and announced on 15 July 2021 as the higher of the prevailing Floating Rate and Fixed Rate.
On 15 July 2021, the Floating Rate and Fixed Rate are as follows:-
Floating Rate: +0.75%1
Fixed Rate: +3.00%
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the fourth interest payment is determined and announced as 3.00% per annum.
Hong Kong Monetary Authority
15 July 2021
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1
Month |
Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%) |
December 2020 |
-1.00 |
January 2021 |
+2.60 |
February 2021 |
+0.50 |
March 2021 |
+0.60 |
April 2021 |
+0.80 |
May 2021 |
+1.00 |
Arithmetic Average |
+0.75 |