LIBOR-Based Loan Products

LIBOR-Based Loan Products

ADB offers its public and private sector borrowers a LIBOR-based loan (LBL) facility, carrying a floating lending rate that consists of a six-month LIBOR and a spread fixed over the life of the loan.

Borrowers will have a high degree of flexibility under the new LBL lending facility, such as:

• choice of currency and interest rate basis
• options to link repayment schedules to actual disbursement for financial intermediary borrowers
• change the original loan terms (currency and interest rate basis) any time during the life of the loans
• options to cap or collar the floating lending rate at any time during the life of the loans

LBL terms are available for all new loans for which the invitation to negotiate is issued on or after 1 July 2001.

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