ADB Revises Lending Rates on US Dollar and Yen Loans
MANILA, PHILIPPINES - ADB has revised its lending rates for both its US dollar and Japanese yen single currency pool-based loans. For the period 1 January to 30 June 2007, the lending rate for US dollar pool-based loans will increase to 5.91% from 5.86%. This reflects the average cost of borrowings – 5.51% per annum from 1 July to 31 December 2006 plus a spread of 0.40% per annum (this represents a lending spread of 0.60% less a waiver of 0.20%). During the same period, the lending rate for the Japanese yen pool-based loans will be reduced to 1.31% from 1.46%. This reflects the average cost of borrowings for the pool of 1.11% per annum from 1 July to 31 December 2006 plus a spread of 0.40% per annum (this represents a lending spread of 0.60% less a waiver of 0.20%), offset by a 0.20% per annum one-time gain on repurchases of outstanding borrowings. There will also be a rebate for ADB's LIBOR-based loans for the period 1 July to 31 December 2006. For US dollar LIBOR-based loans that were billed with a rate of LIBOR plus 0.40% during the past six months, the rebate is 0.30% per annum, which is lower than the 0.31% rebate from the previous period and reflects the average sub-LIBOR cost of borrowings in this pool. For Japanese yen LIBOR-based loans that were billed with a rate of LIBOR plus 0.40% per annum during the period 1 July to 31 December 2006, the rebate is 0.36% per annum, which is higher than the 0.34% rebate from the previous period and includes a 0.03% per annum one-time gain on the repurchase of an outstanding borrowing. About ADB | 
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