Interest rate of the fourth interest payment for the series of retail green bonds due 2025

The Hong Kong Monetary Authority, on behalf of the Hong Kong Special Administrative Region Government, has disclosed the per annum interest rate for the fourth interest payment of the retail green bonds due in 2025. These bonds, identified as Issue Number 03GR2505R and with a Stock Code of 4252, are part of the Government Green Bond Programme. The announcement was made on 3 May 2024. As outlined in the Issue Circular issued on 26 April 2022, the fourth interest payment for the retail green bonds is slated for 20 May 2024. The relevant interest rate for this payment is determined by comparing the prevailing Floating Rate and Fixed Rate, with the higher rate being selected. On 3 May 2024, the Floating Rate stands at +2.25%, while the Fixed Rate is +2.50%. Consequently, the applicable interest rate for the fourth interest payment is set at 2.50% per annum. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240503-5/