The Hong Kong Monetary Authority has set a 5.00% interest rate for the sixth and final payment of the 2026 Silver Bond Series. The inflation-linked bond's last coupon will be paid to holders at this rate.
How the rate is determined
The Silver Bond's interest is tied to Hong Kong's inflation. The HKMA calculates each coupon based on the official inflation rate over the relevant period. For the final payment, the rate has been set at 5.00%.
What this means for bondholders
This is the last interest payment for the 2026 Silver Bond Series. Bondholders will receive the 5.00% coupon on their investment. The bond's term ends with this payment, and the principal is returned to investors.
The HKMA issues Silver Bonds as inflation-linked instruments for retail investors. The 2026 series has made six payments, with the final one now fixed. The bonds are designed to provide a hedge against inflation for Hong Kong residents.
