Interest rate of the second interest payment for Silver Bond Series due 2024
The following is issued by the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (27 July) the relevant per annum interest rate for the second interest payment of Silver Bond Series due 2024 (Issue Number: 03GB2408R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated 29 June 2021 for the Bonds, the second interest payment of the Bonds is scheduled to be made on 10 August 2022, and the relevant interest rate is scheduled to be determined and announced on 27 July 2022 as the higher of the prevailing Floating Rate and Fixed Rate.
On 27 July 2022, the Floating Rate and Fixed Rate are as follows:-
Floating Rate: +1.47%1
Fixed Rate: +3.50%
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 3.50% per annum.
Hong Kong Monetary Authority
27 July 2022
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1
Month |
Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%) |
January 2022 |
+1.20 |
February 2022 |
+1.60 |
March 2022 |
+1.70 |
April 2022 |
+1.30 |
May 2022 |
+1.20 |
June 2022 |
+1.80 |
Arithmetic Average |
+1.47 |