OREANDA-NEWS. April 13, 2010. The Bank informs that it has revised its loan charges on new LIBOR-based loans and local currency loans to sovereign borrowers or borrowers with sovereign guarantees negotiated, on, or after, 1 July 2010.

“Under the new loan pricing structure, the effective contractual spread will be adjusted to 0.4% per annum from the current charge of 0.2%. The adjustment will be phased in over 2010 and 2011, with the new sovereign loans negotiated from 1 July 2010 to 30 June 2011 carrying an effective contractual spread of 0.3% per annum, and those negotiated, on, or after, 1 July 2011 carrying an effective contractual spread of 0.4% per annum,” the Bank reported.

The exact level of ADB’s lending rate can vary because it is determined by the cost of borrowings and the reference floating rate, such as LIBOR.