Interest rate of the sixth interest payment for iBond 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 (7 June) the relevant per annum interest rate for the sixth interest payment of iBond Series due 2024 (Issue Number 03GB2406R; Stock Code: 4246) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated 12 May 2021 for the Bonds, the sixth interest payment of the Bonds is scheduled to be made on 24 June 20241, and the relevant interest rate is scheduled to be determined and announced on 7 June 2024 as the higher of the prevailing Floating Rate and Fixed Rate.
On 7 June 2024, the Floating Rate and Fixed Rate are as follows:
|
|
Floating Rate: +1.98%2 |
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 2.00% per annum.
Hong Kong Monetary Authority
7 June 2024
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1 |
The original sixth interest payment was on 23 June 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) (%) |
November 2023 |
+2.60 |
December 2023 |
+2.40 |
January 2024 |
+1.70 |
February 2024 |
+2.10 |
March 2024 |
+2.00 |
April 2024 |
+1.10 |
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|
|
Arithmetic Average |
+1.98 |