The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
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:
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.