Source: The Financial Express

NEW DELHI, NOV 17: Manila-based Asian Development Bank (ADB) has reduced commitment fees for project loans, a key demand of India, as part of the series of enhancements it introduced in the Libor-based loan (LBL), ADB's main lending instrument.

The commitment fee for project loans will be changed from the current 75 basis points on a progressive structure of undisbursed loan balances to a flat fee of 35 basis points on the full amount of all undisbursed loan balances, the multilateral development financial institution said in a statement here.

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Posted by pichu at November 18, 2006 7:50 PM