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Interest rate of first interest payment for Silver Bond Series due 2020
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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), announced today (December 11) the relevant per annum interest rate for the first 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 June 1, 2017 for the Bonds, the first interest payment of the Bonds is scheduled to be made on December 27, 2017, and the relevant interest rate is scheduled to be determined and announced on December 11, 2017 as the higher of the prevailing Floating Rate and Fixed Rate. 

     On December 11, 2017, the Floating Rate and Fixed Rate are as follows:
 
          Floating Rate: +1.78% (See Annex)
          Fixed Rate: +2.00%

     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 2.00% per annum.
 
Ends/Monday, December 11, 2017
Issued at HKT 16:30
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Annex