Interest rate of fifth interest payment for iBond Series due 2024
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (December 11) the relevant per annum interest rate for the fifth interest payment of iBond Series due 2024 (Issue Number 03GB2406R; Stock Code: 4246) (the Bonds) issued under the Retail Bond Issuance Programme of the Government Bond Programme.
According to the Issue Circular dated May 12, 2021 for the Bonds, the fifth interest payment of the Bonds is scheduled to be made on December 27, 2023, and the relevant interest rate is scheduled to be determined and announced on December 11, 2023 as the higher of the prevailing Floating Rate and Fixed Rate.
On December 11, 2023, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +2.03 per cent (Annex)
Fixed Rate: +2.00 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 2.03 per cent per annum.
Ends/Monday, December 11, 2023
Issued at HKT 16:30
Issued at HKT 16:30
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