ADB announces lending rates for multi-currency and US Dollar loans for the first half of 2002; ADB's LIBOR-based loan product now available, lending rates for pool-based loans announced.

0 Comments | M2 Presswire, January, 2002

M2 PRESSWIRE-2 January 2002-ADB: ADB announces lending rates for multi-currency and US Dollar loans for the first half of 2002; ADB's LIBOR-based loan product now available, lending rates for pool-based loans announced (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:02012002 Manila, Philippines -- The Asian Development Bank (ADB) announced today that the lending rate on its pool-based US dollar loan facility will be 6.69 percent per annum for the period from 1 January to 30 June 2002.

ADB will reduce its rate on the outstanding pool-based multi-currency loans from 5.21 percent to 5.08 percent per annum for the same period. The interest rates on the ADB's pool-based multi-currency and US dollar loans are adjusted on 1 January and 1 July each year. For each...