Hong Kong sets 3.50 percent rate for second payout on retail infrastructure bonds

Hong Kong Monetary Authority announced on Wednesday that it set the second interest payment for the city’s retail infrastructure bonds due 2027 at 3.50 percent per annum.
The rate was fixed at the higher of the bonds’ two reference metrics, with the fixed rate of 3.50 percent coming in above the prevailing floating rate of 1.28 percent, the HKMA said.
The payment on the bonds, issued under the government’s Infrastructure Bond Programme, will be made on December 17, 2025.