ADB Announces Lending Rates for US Dollar and Japanese Yen Loans
MANILA, PHILIPPINES - The Asian Development Bank (ADB) has revised its lending rates for both its US dollar and Japanese yen loans. For the period 1 July to 31 December 2008, the lending rate for US dollar pool-based loans will decrease from 6.12% to 5.64%. This reflects the average cost of borrowings—5.24% per annum from 1 January to 30 June 2008 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 increase from 1.90% to 1.98%. This reflects the average cost of borrowings for the pool—1.58% per annum from 1 January to 30 June 2008 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 LIBOR-based loans for the period 1 July to 31 December 2008. For general US dollar LIBOR-based loans, the rebate will decrease from 0.34% to 0.33%. For Japanese yen LIBOR-based loans, the rebate will increase from 0.31% to 0.39%. This reflects the average sub-LIBOR cost of borrowings during the period of 1 January to 30 June 2008. For LIBOR-based loan that was converted from the pool-based loans, the rebate will be 0.08% for US dollar loans and 0.07% for Japanese yen loans. | 
News and Events 
Top of page
