Overview of LIBOR-based Loans: Sovereign and Sovereign-Guaranteed Borrower
Asian Development Bank | June 2014
Abstract
The Asian Development Bank (ADB) offers its sovereign and sovereign -guaranteed borrowers London Interbank Offered Rate (LIBOR)-based Loans (LBL) with a floating rate based on 6-month LIBOR plus an effective contractual spread and a maturity premium (where applicable) that are fixed over the life of the loan.The LBL is a market-based loan product that allows ADB’s efficient intermediation on the finest possible terms, provides transparent and market-based pricing, and meets borrowers’ needs to tailor currencies and interest rate basis to suit project needs and external risk management strategies.
Citation
Asian Development Bank. 2014. Overview of LIBOR-based Loans: Sovereign and Sovereign-Guaranteed Borrower. © Asian Development Bank. http://hdl.handle.net/11540/4887. License: CC BY 3.0 IGO.Keywords
Cofinancing
Development Financing
Economic Development and Finance
Finance
Financial Advisory Services
Financial Assistance
Financial Support
ADB
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