GCC Capital

Interest rate of fourth interest payment for Silver Bond Series due 2025

The Hong Kong Monetary Authority announced that the interest rate for the fourth payment of the Silver Bond Series due 2025, scheduled for 16 September 2024, will be 4.00% per annum. This rate, effective from 2 September 2024, is based on the higher of the prevailing Floating Rate (+1.73%) and the Fixed Rate (+4.00%).

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/09/20240902-3/

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