Financial Derivatives

ADB uses financial derivatives to raise operationally needed currencies in a cost-efficient way, usually undertaking currency and interest rate swaps simultaneously with an issue of bonds.

These transactions are fully hedged to remove currency and interest rate risk.

Effect of swaps on currency composition of outstanding borrowings

31 December 2012

a Other currencies include Brazilian real, Canadian dollar, yuan, Indian rupee, ringgit, Mexican peso, New Zealand dollar, Norwegian Krone, pound sterling, South African rand, Swiss franc, baht, and Turkish Lira.
b Other currencies include yuan, Indian rupee, and Swiss franc.

Effect of swaps on interest rate structures of outstanding borrowings

31 December 2012


Notice to readers

Nothing included in this web site or any materials shall be construed, implicitly or explicitly as containing any investment recommendation or advice, and constituting an offer of, or an invitation by or on behalf of, ADB to purchase or sell any securities. Please see "Terms of Use" for further details.