The Funding Margin is a component of the lending rate of the Bank’s Non-Sovereign Guaranteed Loans (NSGLs) and Sovereign Guaranteed Loans (SGLs) under the African Development Bank (ADB) window. It reflects the semester weighted average of the difference between:
- a) the refinancing rate of the Bank as to the borrowings linked to the respective reference rate (6 month LIBOR for USD and JPY, 6 month EURIBOR for EUR and 3 month JIBAR for ZAR), and allocated to all its floating interest loans denominated in the respective currency and,
- b) the respective reference rate (6 month LIBOR for USD and JPY, 6 month EURIBOR for EUR and 3 month JIBAR for ZAR) for each semester ending on 30 June and on 31 December.
The Funding Margin shall be determined twice per year on 1 January for the semester ending on 31 December and on 1 July for the semester ending on 30 June. This spread shall apply to the respective reference rate (6 month LIBOR for USD and JPY, 6 month EURIBOR for EUR and 3 month JIBAR for ZAR) which resets on 1 February and on 1 August for all loans under the ADB lending window.
- 31/05/2018 - Ten-year CAD 60-million “Feed Africa” bond issued by the African Development Bank
- 22/05/2018 - The African Development Bank issues EUR 1.25 billion 0.875% 10-year Social Bond due 24 May 2028
- 16/03/2018 - African Development Bank launches US $2.0-billion 2.625% Fixed Rate Global Benchmark due 22 March 2021
- 13/12/2017 - EUR 500 million 0.250% 7-year Social Bond Transaction - Due 21 November 2024
- 05/10/2017 - AfDB issues its first “Light Up and Power Africa” theme Bond