The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (April 9) the relevant per annum interest rate for the first interest payment of Silver Bond Series due 2027 (Issue Number: 03GB2710R) (the Bonds) issued under the Infrastructure Bond Programme.

     According to the Issue Circular dated September 30, 2024, for the Bonds, the first interest payment of the Bonds is scheduled to be made on April 23, 2025, and the relevant interest rate is scheduled to be determined and announced on April 9, 2025, as the higher of the prevailing Floating Rate and Fixed Rate. 

     On April 9, 2025, the Floating Rate and Fixed Rate are as follows:

Floating Rate: +1.63 per cent (Annex)
Fixed Rate: +4.00 per cent

     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 4.00 per cent per annum.

Ends/Wednesday, April 9, 2025
Issued at HKT 16:30

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