The Asian Development Bank (ADB) has lowered its lending rates for US dollar and multi-currency pool-based loans for the period of January 1 to

  • June 30, 2003.

 

For US dollar pool-based loans, the lending rate has been reduced to 6.31% per annum from 6.34% per annum. This reflects the average cost of borrowings for the pool of 5.71% per annum from July 1, 2002 to December 31, 2002 and a lending spread of 0.60 % per annum.

For multi-currency pool-based loans, the lending rate has been lowered to 2.74% per annum from 3.91% per annum. This reflects the average cost of borrowings for the pool of 2.14% per annum during the period from July 1, 2002 to December 31, 2002 and a lending spread of 0.60% per annum.

For US dollar Libor-based loans billed with a rate of Libor plus 0.60% per annum during the period of July 1, 2002 to December 31, 2002, the rebate has been increased to 0.39% per annum from 0.36% per annum.

For Japanese yen Libor-based loans that were billed with a rate of Libor plus 0.60% per annum during the period of July 1 to December 31, 2002, the rebate has been raised to 0.39% per annum from 0.16% per annum.