ADB changes lending rates

ADB has increased its lending rates for US dollar pool-based loans and reduced rates for Japanese yen pool-based loans. From 1 July to 31 December 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 annum from January 1 to June 30 2005 plus a spread of 0.40% per annum (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 annum from January 1 to June 30 plus a spread of 0.40% per annum (again representing 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 1 January to 30 June 2005, the rebate is 0.32% per annum, 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 annum during the period of 1 January to 30 June 2005, the rebate is 0.39% per annum, 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.

 

Category: Finance