Guidelines for Conversion of Loan Terms for ADB's Flexible Loan Product

Business Guide | January 2022

These guidelines set out the procedures for requesting, accepting, and effecting conversions as specified in loan agreements for Flexible Loan Product between ADB and a borrower.

The purpose of the Guidelines for Conversion of Loan Terms for ADB’s Flexible Loan Product (FLP) (the Conversion Guidelines) is to set out the procedures for requesting, accepting and effecting conversions of FLP Loans as specified in the Loan Agreements for such Loans (each a Loan Agreement) between Asian Development Bank (ADB) and a Borrower. The Conversion Guidelines are referred to in the Loan Agreement and in the Ordinary Operations Loan Regulations Applicable to Regular Loans Made from ADB’s Ordinary Capital Resources dated 1 January 2022 as modified from time to time (the Loan Regulations). Wherever necessary, the relevant loan conversion provisions in the Loan Agreement and Loan Regulations are indicated in these Conversion Guidelines.

Contents 

  • Introduction
  • Procedures for Exercising Loan Conversion Options
  • Limitations and Restrictions
  • Basis for Executing Conversion Transactions
  • Specific Rate Fixing (SRF)
  • Transaction Fees
  • Annexes

Forms of Request