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 from July 1, 2007, to December 31, 2007, the lending rate for US dollar pool-based loans will increase from 5.91% to 6.34%. This reflects the average cost of borrowings—5.94% per annum from 1 January to 30 June 2007 plus a spread of 0.40% per annum (representing 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 change from 1.31% to 1.69%. This reflects the average cost of borrowings for the pool (1.47%) less net of profit on early redemptions of borrowings (0.18%)––1.29% per annum from 1 January to 30 June 2007 plus a spread of 0.40% per annum (representing a lending spread of 0.60% less a waiver of 0.20%). ADB has also announced its rebate for its London Interbank Offered Rate (LIBOR)-based loans for the period 1 January to 31 December 2007. For US dollar LIBOR-based loans with a rate of LIBOR plus 0.40%, the rebate will increase from 0.30% to 0.31%. This reflects the average sub-LIBOR cost of borrowings during the period of 1 January to 30 June 2007. For Japanese yen LIBOR-based loans with a rate of LIBOR plus 0.40%, the rebate will increase from 0.36% to 0.45%. This reflects the average sub-LIBOR cost of borrowings during the period of 1 January to 30 June 2007, and includes profit on the early redemption of borrowings which are passed on to borrowers. About ADB | 
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