The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

FSL terms and conditions


  • 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

Base Rate

  • Floating = 6-month Libor for USD and JPY, 6-month Euribor for EUR, 3-month Jibar for ZAR, or
  • Fixed = amortizing swap rate

Repayment terms

  • 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.

Payment dates

  • 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)

Prepayment premium

  • 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.