The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (January 24) the relevant per annum interest rate for the first 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 June 29, 2021 for the Bonds, the first interest payment of the Bonds is scheduled to be made on February 10, 2022, and the relevant interest rate is scheduled to be determined and announced on January 24, 2022 as the higher of the prevailing Floating Rate and Fixed Rate.
On January 24, 2022, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +2.10 pre cent (Annex)
Fixed Rate: +3.50 per cent
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 3.50 per cent per annum.
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