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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (January 28) the relevant per annum interest rate for the first interest payment of iBond Series due 2017 (Issue Number 03GB1708R; Stock Code: 4222) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated July 18, 2014 for the Bonds, the first interest payment of the Bonds is scheduled to be made on February 11, 2015, and the relevant interest rate is scheduled to be determined and announced on January 28, 2015 as the higher of the prevailing Floating Rate and Fixed Rate.
On January 28, 2015, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +4.95% (Annex)
Fixed Rate: +1.00%
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 4.95% per annum.
Ends/Wednesday, January 28, 2015
Issued at HKT 17:51
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