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 fifth 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 fifth interest payment of the Bonds is scheduled to be made on 23 December 2019, and the relevant interest rate is scheduled to be determined and announced on 9 December 2019 as the higher of the prevailing Floating Rate and Fixed Rate.
On 9 December 2019, the Floating Rate and Fixed Rate are as follows:-
Floating Rate: +3.20%1
Fixed Rate: +2.00%
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 3.20% per annum.
Read More: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2019/12/20191209-3/