Interest rate of fifth interest payment for Silver Bond Series due 2023
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (June 8) the relevant per annum interest rate for the fifth interest payment of Silver Bond Series due 2023 (Issue Number: 03GB2312R) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated November 11, 2020 for the Bonds, the fifth interest payment of the Bonds is scheduled to be made on June 23, 2023 (Note), and the relevant interest rate is scheduled to be determined and announced on June 8, 2023 as the higher of the prevailing Floating Rate and Fixed Rate.
On June 8, 2023, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.95 per cent (Annex)
Fixed Rate: +3.50 per cent
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 3.50 per cent per annum.
Note: The original fifth interest payment is on June 22, 2023. As the aforesaid payment is not a business day in Hong Kong, the interest payment date will be rescheduled on the next day which is a business day in Hong Kong in accordance with the Issue Circular. The interest continues to accrue to the new payment date.
Ends/Thursday, June 8, 2023
Issued at HKT 16:30
Issued at HKT 16:30
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