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Source: Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Tuesday) the relevant per annum interest rate for the second 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 second interest payment of the Bonds is scheduled to be made on 17 December 2019, and the relevant interest rate is scheduled to be determined and announced on 3 December 2019 as the higher of the prevailing Floating Rate and Fixed Rate.

On 3 December 2019, the Floating Rate and Fixed Rate are as follows:-

Floating Rate: +3.20%1
Fixed Rate: +3.00%

Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the second interest payment is determined and announced as 3.20% per annum.

Hong Kong Monetary Authority
3 December 2019

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1

Month

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

May 2019

+2.80

June 2019

+3.30

July 2019

+3.30

August 2019

+3.50

September 2019

+3.20

October 2019

+3.10

Arithmetic Average

+3.20

 

MIL OSI Asia Pacific News