Interest rate of first interest payment for series of retail infrastructure bonds due 2027
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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 (June 3) the relevant per annum interest rate for the first interest payment of the series of retail infrastructure bonds due 2027 (Issue Number: 03GB2712R; Stock Code: 4286) (the Retail Infrastructure Bonds) issued under the Infrastructure Bond Programme.
According to the Issue Circular dated November 26, 2024, for the Retail Infrastructure Bonds, the first interest payment of the Retail Infrastructure Bonds is scheduled to be made on June 17, 2025, and the relevant interest rate is scheduled to be determined and announced on June 3, 2025, as the higher of the prevailing Floating Rate and Fixed Rate.
On June 3, 2025, the Floating Rate and Fixed Rate are as follows:
Floating Rate: +1.60 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 first interest payment is determined and announced as 3.50 per cent per annum.