The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Thursday) the relevant per annum interest rate for the fourth interest payment of Silver Bond Series due 2021 (Issue Number 03GB2112R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.

According to the Issue Circular dated 22 November 2018 for the Bonds, the fourth interest payment of the Bonds is scheduled to be made on 17 December 2020, and the relevant interest rate is scheduled to be determined and announced on 3 December 2020 as the higher of the prevailing Floating Rate and Fixed Rate.

On 3 December 2020, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: -0.48%1
Fixed Rate: +3.00%

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 3.00% per annum.

 

Hong Kong Monetary Authority
3 December 2020

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1

Month

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

May 2020

+1.50

June 2020

+0.70

July 2020

-2.30

August 2020

-0.40

September 2020

-2.20

October 2020

-0.20

Arithmetic Average

-0.48

 



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