ADB adjusts lending rate of US dollar, Japanese yen pool-based loans

The Asian Development Bank (ADB) said Wednesday that it has increased its lending rates for US dollar pool-based loans and reduced rates for Japanese yen pool- based loans.

The ADB said in a statement that from 1 July to 31 December 2005, the lending rate for US dollar pool-based loans will increase to 6.14 percent from 6.06 percent.

During the same period, the lending rate for Japanese yen pool- based loans will fall to 1.71 percent from 1.73 percent, it said.

Separately, the ADB announced its rebate for ADB LIBOR-based loans.

For US dollar LIBOR-based loans that were billed with a rate of LIBOR plus 0.40 percent during the period from 1 January to 30 June 2005, the rebate is 0.32 percent per annum, a reduction from the 0.35 percent rebate for the last period.

For Japanese yen LIBOR-based loans that were billed with a rate of LIBOR plus 0.40 percent per annum during the period of 1 January to 30 June 2005, the rebate is 0.39 percent per annum, which is unchanged from the last period.

Source: Xinhua