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.
- 01/08/2017 - AfDB signs US$ 78 million grant agreements with Governments of Somalia and South Sudan to strengthen drought resilience and address chronic hunger and malnutrition
- 09/12/2015 - AfDB approves US $53 million for water in Zimbabwe and financial reform in Chad
- 12/08/2015 - Fitch affirms African Development Bank at ‘AAA’; Outlook stable
- 29/05/2015 - Interview with Stefan Nalletamby, Director, Financial Sector Development, AfDB
- 06/02/2015 - AfDB issues 1.375% USD 1 billion global benchmark due 12 February 2020