ADB announces rebate rates for LIBOR-based loans.

ISLAMABAD, July 09, 2009 (Balochistan Times) -- The Asian Development Bank (ADB) announced on Thursday the rebate rates for its US dollar and Japanese yen LIBOR-based loans. From 1 July to 31 December 2009, the rebate for U.S. dollar LIBOR-based loans is 0.31%, down from 0.35% in the previous six-month period, said ADB press statement received here. For Japanese yen LIBOR-based loans, the rebate is 0.35%, down from 0.38%. For LIBOR-based loans converted from the pool-based loans, the rebates are 0.09% for US dollar loans and 0.15% for Japanese yen loans. The rebates reflect the average cost of borrowings dedicated to LIBOR-based loans in their respective currencies from 1 January to 30 June 2009, it added. Separately, ADB has revised the lending rates for its US dollar and Japanese yen pool-based single currency loans. For the period 1 July to 31 December 2009, the lending rate for US dollar pool-based loans is at 4.68% down from 5.03% in the previous six-month period. This reflects the average cost of borrowings for the pool-4.28% per annum from 1 January to 30 June 2009 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 Japanese yen lending rate is at 1.90%, down from 1.92% in the previous six-month period. This reflects the average cost of borrowings for the pool-1.50% for Japanese yen from 1 January to 30 June 2009, plus a spread of 0.40% per annum (representing a lending spread of 0.60% less a waiver of 0.20%).

(THROUGH ASIA PULSE)