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Interest rate of the fourth interest payment for Silver Bond Series due 2020

Posted: 10 June 2019  |  Source: HKMA


The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Monday) the relevant per annum interest rate for the fourth interest payment of Silver Bond Series due 2020 (Issue Number 03GB2006R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 1 June 2017 for the Bonds, the fourth interest payment of the Bonds is scheduled to be made on 24 June 2019, and the relevant interest rate is scheduled to be determined and announced on 10 June 2019 as the higher of the prevailing Floating Rate and Fixed Rate.

On 10 June 2019, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +2.43%1
Fixed Rate: +2.00%

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 2.43% per annum.

 

Hong Kong Monetary Authority
10 June 2019

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1

Month

Year-on-year rates of change in the 2014/15-based Composite Consumer Price Index (%)

November 2018

+2.60

December 2018

+2.50

January 2019

+2.40

February 2019

+2.10

March 2019

+2.10

April 2019

+2.90

Arithmetic Average

+2.43