Interest rate of the fourth interest payment for Silver Bond Series due 2023
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced the relevant per annum interest rate for the fourth 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 11 November 2020 for the Bonds, the fourth interest payment of the Bonds is scheduled to be made on 22 December 2022, and the relevant interest rate is scheduled to be determined and announced on 8 December 2022 as the higher of the prevailing Floating Rate and Fixed Rate.
On 8 December 2022, the Floating Rate and Fixed Rate are as follows:-
Floating Rate: +2.17%1
Fixed Rate: +3.50%
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the fourth interest payment is determined and announced as 3.50% per annum.
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|
Month |
Year-on-year rates of change in the 2019/20-based Composite Consumer Price Index (%) |
|---|---|
|
May 2022 |
+1.20 |
|
June 2022 |
+1.80 |
|
July 2022 |
+1.90 |
|
August 2022 |
+1.90 |
|
September 2022 |
+4.40 |
|
October 2022 |
+1.80 |
|
Arithmetic Average |
+2.17 |
Note:
According to Census and Statistics Department's press releases dated 21 October 2022 and 21 November 2022, the increase of the CCPI to 4.4% in September 2022 was mainly due to the low base of comparison resulted from the waiver of public housing rentals by Hong Kong Housing Authority in September 2021.
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