Interest rate of the fifth interest payment for iBond Series due 2017
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announces today (January 27) the relevant per annum interest rate for the fifth 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 fifth interest payment of the Bonds is scheduled to be made on February 13, 2017, and the relevant interest rate is scheduled to be determined and announced on January 27, 2017 as the higher of the prevailing Floating Rate and Fixed Rate.
On January 27, 2017, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +2.15% (Annex)
Fixed Rate: +1.00%
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 2.15% per annum.
Ends/Friday, January 27, 2017
Issued at HKT 14:30
Issued at HKT 14:30
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