ADB raises US dollar lending rates, lowers rates for Japanese yen loans.

0 Comments | M2 Presswire, July, 2005

M2 PRESSWIRE-6 July 2005-ADB: ADB raises US dollar lending rates, lowers rates for Japanese yen loans(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:06072005 MANILA, PHILIPPINES - The Asian Development Bank (ADB) has increased its lending rates for US dollar pool-based loans and reduced rates for Japanese yen pool-based loans.

From 1 July to 31 December 2005, the lending rate for US dollar pool-based loans will increase to 6.14 from 6.06. This reflects the average cost of borrowings - 5.74 per annum from 1 January to 30 June 2005 plus a spread of 0.40 per annum (this represents a lending spread of 0.60 points less a waiver of 0.20). During the same period, the lending rate for Japanese yen pool-based loans will fall to 1.71 from 1.73. This reflects the...