An investment analyst is working on determining the forward rate bucket O1 for a specific bond in their portfolio. Here's the detailed information about the bond and the task at hand:

The bond in question offers a 5% annual coupon and has a nominal (face) value of CNY 100,000. It is scheduled to mature in three years.

Currently, the analyst is observing a flat forward rate curve, which stands at 3%. It's important to note that these forward rates are calculated on an annual basis. For the purposes of analysis, the forward rates have been divided into two specific maturity buckets: 0-2 years and 2-3 years.

Given these circumstances, the analyst needs to determine what the forward bucket O1 would be for this bond specifically in the 2-3 year maturity bucket, especially considering a hypothetical scenario where there is an increase in interest rates.

What would this forward bucket O1 be?