Related News

The Asian Development Bank (ADB) has increased its lending rates for US dollar pool-based loans and reduced rates for Japanese yen pool-based loans.

 

Until December 31, 2005, the lending rate for US dollar pool-based loans will increase to 6.14% from 6.06%. This reflects the average cost of borrowings – 5.74% per year from January 1 to June 30, 2005 plus a spread of 0.40% per year (this represents a lending spread of 0.60% points less a waiver of 0.20%).

 

During the same period, the lending rate for Japanese yen pool-based loans will fall to 1.71% from 1.73%. This reflects the average cost of borrowings for the pool of 1.31% per year from January 1 to June 30, 2005 plus a spread of 0.40% per year (this represents a lending spread of 0.60% points less a waiver of 0.20%).

 

Separately, ADB announced its rebate for ADB Libor-based loans. For US dollar Libor-based loans that were billed with a rate of Libor plus 0.40% during the period from January 1 to June 30, 2005, the rebate is 0.32% per year, a reduction from the 0.35% rebate for the last period.

 

For Japanese yen Libor-based loans that were billed with a rate of Libor plus 0.40% per year during the period of January 1 to June 30, 2005, the rebate is 0.39% per year, which is unchanged from the last period.

The rates reflect ADB’s average costs of borrowings dedicated to Libor-based loans in their respective currencies.