Overview of LIBOR-based Loans: Sovereign and Sovereign-Guaranteed Borrowers
Business Guide | July 2020
This brochure gives an overview of ADB's London Interbank Offered Rate (LIBOR)-based Loans for its sovereign and sovereign-guaranteed borrowers from 1 July to 31 December 2020.
ADB offers its sovereign and sovereign-guaranteed borrowers London Interbank Offered Rate (LIBOR)-based Loans (LBL) with a floating rate based on 6-month LIBOR plus an effective contractual spread and a maturity premium (where applicable) that are fixed over the life of the loan.
The LBL is a market-based loan product that allows ADB’s efficient intermediation on the finest possible terms, provides transparent and market-based pricing, and meets borrowers’ needs to tailor currencies and interest rate basis to suit project needs and external risk management strategies.