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.
- 13/12/2017 - Obligation sociale de référence de 500 millions d’euros 0,25% - échéance novembre 2024
- 05/10/2017 - Energie en Afrique : la BAD émet sa première obligation « Light Up and Power Africa »
- 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 - La BAD approuve l’octroi de 53 millions de dollars EU pour un projet hydraulique au Zimbabwe et une réforme financière au Tchad
- 12/08/2015 - Fitch affirms African Development Bank at ‘AAA’; Outlook stable