Silver Bond 2027 Third Interest Payment Rate Set at 4.00% Per Annum
Summary
The Hong Kong Monetary Authority announced the third interest payment rate for Silver Bond Series due 2027 (Issue Number: 03GB2710R) under the Infrastructure Bond Programme. The Floating Rate of +1.28% (based on Composite Consumer Price Index year-on-year change) was compared against the Fixed Rate of +4.00%, with the higher rate of 4.00% per annum applied. The third interest payment is scheduled for 23 April 2026.
What changed
The HKMA announced the confirmed per annum interest rate of 4.00% for the third interest payment of Silver Bond Series due 2027 (Issue Number: 03GB2710R) under the Infrastructure Bond Programme. The rate was determined as the higher of the Floating Rate (+1.28%, based on the arithmetic average of year-on-year Composite Consumer Price Index changes from September 2025 to February 2026) and the Fixed Rate (+4.00%).
Bondholders holding Silver Bond Series 03GB2710R will receive the third interest payment at the confirmed rate of 4.00% per annum on 23 April 2026. This is a routine administrative announcement confirming a previously scheduled payment event and does not create new compliance obligations or regulatory requirements.
What to do next
- Investors holding Silver Bond Series 03GB2710R should anticipate the third interest payment on 23 April 2026 at the confirmed rate of 4.00% per annum.
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Interest rate of third interest payment for Silver Bond Series due 2027
Press Releases
09 Apr 2026
Interest rate of third interest payment for Silver Bond Series due 2027
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (9 April) the relevant per annum interest rate for the third 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 30 September 2024 for the Bonds, the third interest payment of the Bonds is scheduled to be made on 23 April 2026, and the relevant interest rate is scheduled to be determined and announced on 9 April 2026 as the higher of the prevailing Floating Rate and Fixed Rate.
On 9 April 2026, the Floating Rate and Fixed Rate are as follows:
| Floating Rate: | +1.28% 1 |
| Fixed Rate: | +4.00% |
Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the third interest payment is determined and announced as 4.00% per annum.
Hong Kong Monetary Authority
9 April 2026
| 1 | | Month | Year-on-year rates of change in the 2019/20-based
Composite Consumer Price Index (%) |
| --- | --- |
| September 2025 | +1.10 |
| October 2025 | +1.20 |
| November 2025 | +1.20 |
| December 2025 | +1.40 |
| January 2026 | +1.10 |
| February 2026 | +1.70 |
| Arithmetic Average | +1.28 | | Month | Year-on-year rates of change in the 2019/20-based
Composite Consumer Price Index (%) | September 2025 | +1.10 | October 2025 | +1.20 | November 2025 | +1.20 | December 2025 | +1.40 | January 2026 | +1.10 | February 2026 | +1.70 | Arithmetic Average | +1.28 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Month | Year-on-year rates of change in the 2019/20-based
Composite Consumer Price Index (%) | | | | | | | | | | | | | | | | |
| September 2025 | +1.10 | | | | | | | | | | | | | | | | |
| October 2025 | +1.20 | | | | | | | | | | | | | | | | |
| November 2025 | +1.20 | | | | | | | | | | | | | | | | |
| December 2025 | +1.40 | | | | | | | | | | | | | | | | |
| January 2026 | +1.10 | | | | | | | | | | | | | | | | |
| February 2026 | +1.70 | | | | | | | | | | | | | | | | |
| Arithmetic Average | +1.28 | | | | | | | | | | | | | | | | |
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