Tools / 03GB2810R
Silver Bond 2028 Coupon Calendar and Interest Calculator | 03GB2810R
Check the official 03GB2810R payment dates and calculate coupon interest for each period using the actual-day convention.
03GB2810R coupon payment calendar
Days until next payment: 75 days
| Payment date | Rate fixing date | Annual rate | Coupon interest |
|---|---|---|---|
| 10 April 2026 Paid | 24 March 2026 | 3.85% | HK$191.97 / HK$10,000 |
| 12 October 2026 Not yet due | 25 September 2026 | Not yet set | Not yet set |
| 12 April 2027 Not yet due | 24 March 2027 | Not yet set | Not yet set |
| 11 October 2027 Not yet due | 23 September 2027 | Not yet set | Not yet set |
| 10 April 2028 Not yet due | 24 March 2028 | Not yet set | Not yet set |
| 10 October 2028 Not yet due | 22 September 2028 | Not yet set | Not yet set |
Dates, announced rate and first-coupon amount: Hong Kong Government Bond Programme（accessed：2026-07-29）
Silver Bond 2028 Coupon Calendar interest calculator
| Payment date | Actual days | Annual rate | Coupon interest |
|---|---|---|---|
| 10 April 2026 | 182 | 3.85% | HK$191.97 |
| 12 October 2026 | 185 | 3.85% (assumption) | HK$195.14 |
| 12 April 2027 | 182 | 3.85% (assumption) | HK$191.97 |
| 11 October 2027 | 182 | 3.85% (assumption) | HK$191.97 |
| 10 April 2028 | 182 | 3.85% (assumption) | HK$191.97 |
| 10 October 2028 | 183 | 3.85% (assumption) | HK$193.03 |
This calculator performs arithmetic only on your own rate assumption; unpublished coupons are not official forecasts or estimates. Formula and fixed-rate source: HK Government Bond Programme（2026-07-29）
How coupon interest is calculated
Official formula: annual rate × face value × actual days in the interest period ÷ 365. The first period runs 182 days, from 10 October 2025 to 10 April 2026: HK$10,000 × 3.85% × 182 ÷ 365 = HK$191.97. The calculator uses that same actual-day convention consistently for every scenario and each displayed result.
Term, issue date, formula and published first amount: HK Government Bond Programme（2026-07-29）
How unpublished rates are handled
For each period, the annual rate is the higher of the floating rate and the 3.85% fixed rate. The floating rate is the arithmetic average of the latest six monthly year-on-year Composite CPI changes, to two decimal places. The applicable rate is set and announced on that period’s fixing date; “not yet set” does not mean 3.85%.
Hong Kong Government Bond Programme（2026-07-29）
Early redemption and transfer limits
There is no secondary market and the bond is not transferable, except by inheritance. Early redemption may be requested through the placing bank or designated securities broker; settlement is on the third business day after receipt and interest to settlement is calculated at the fixed rate.
Hong Kong Government Bond Programme（2026-07-29）
FAQ
When does 03GB2810R pay interest?
The published payment dates run from 10 April 2026 to 10 October 2028. Other than the first coupon, the applicable rates have not yet been set on the official schedule.
Can I treat 3.85% as every future coupon rate?
No. It is the fixed rate, while each applicable annual rate is the higher of the floating and fixed rates and is set on its fixing date. The calculator labels 3.85% as an editable assumption only.
Related tools and guides
Sources and access date
- Rates / coupon calendar — 2026-07-29
- Features / rate mechanism / redemption — 2026-07-29
- Highlights / issue details and eligibility — 2026-07-29
This page states official information and calculation mechanics only; it is not investment advice.