Press release

Interest rate of the second interest payment for iBond Series due 2023

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 (2 November) the relevant per annum interest rate for the second interest payment of iBond Series due 2023 (Issue Number 03GB2311R; Stock Code: 4239) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 5 October 2020 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 16 November 2021, and the relevant interest rate is scheduled to be determined and announced on 2 November 2021 as the higher of the prevailing Floating Rate and Fixed Rate.

On 2 November 2021, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +1.53%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 2.00% per annum.

Hong Kong Monetary Authority
2 November 2021

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1

Month

Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%)

April 2021

+0.80

May 2021

+1.00

June 2021

+0.70

July 2021

+3.70

August 2021

+1.60

September 2021

+1.40


Arithmetic Average

+1.53