Interest rate of the fifth 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 (29 January) the relevant per annum interest rate for the fifth 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 fifth interest payment of the Bonds is scheduled to be made on 14 February 20241, and the relevant interest rate is scheduled to be determined and announced on 29 January 2024 as the higher of the prevailing Floating Rate and Fixed Rate.
On 29 January 2024, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +2.22%2
Fixed Rate: +3.50%
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the fifth interest payment is determined and announced as 3.50% per annum.
Hong Kong Monetary Authority
29 January 2024
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1 |
The original fifth interest payment was on 12 February 2024. As the aforesaid payment is not a business day in Hong Kong, the interest payment date will be rescheduled on the next day which is a business day in Hong Kong in accordance with the Issue Circular. The interest continues to accrue to the new payment date. |
2
Month |
Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (CCPI) (%) |
July 2023 |
+1.80 |
August 2023 |
+1.80 |
September 2023 |
+2.00 |
October 2023 |
+2.70 |
November 2023 |
+2.60 |
December 2023 |
+2.40 |
Arithmetic Average |
+2.22 |