Public Sector Companies of ADB and Blend countries without a sovereign guarantee and Private Sector Companies in all Regional Member Countries.
EUR, USD, ZAR, JPY and any lending currency approved by the Bank, including local African currencies.
Maturity and grace period
Up to 15 years including a 5-year grace period
Lending rate Formula
Base Rate (Floating or Fixed) + risk-based lending spread
Floating = 6-month Libor for USD and JPY, 6-month Euribor for EUR, 3-month Jibar for ZAR, or
Fixed = amortizing swap rate
Equal installments of principal after expiration of the grace period. Other repayment terms, notably, annuities, bullet, step-up or step-down amortization may be considered.
Interest and any other charges on Bank’s loans are payable semi-annually in accordance with the payment dates selected by the borrower, outside of 1 Jan / 1 Jul.
Front-end fee: determined during appraisal
Appraisal fee: determined during appraisal
Commitment fee: minimum of 0.5%
Late payment fee: 2% of the unpaid amount
Swap Unwinding Cost: cost of unwinding the underlying derivative transactions.
Supervision fee: determined during appraisal
Other fees (legal, warehousing fees in the case of local currency etc. determined during appraisal)
In case of prepayment of a loan with a fixed base interest rate or any other conversion feature, the Bank may charge a prepayment penalty that reflects the cost of unwinding the underlying transaction(s).
Undisbursed portions of loans can be cancelled without penalty.