IBRD lending rates and spreads applicable January 1, 2013 (English)

International Bank for Reconstruction and Development (IBRD) semi-annually provides an update of the lending rates and spreads by loan product as set out in the terms of each product. This paper summarizes the lending rates and spreads applicable to IBRD... See More + International Bank for Reconstruction and Development (IBRD) semi-annually provides an update of the lending rates and spreads by loan product as set out in the terms of each product. This paper summarizes the lending rates and spreads applicable to IBRD loans outstanding as of January 1, 2013. The structure of lending rates and spreads applicable to the IBRD loans outstanding can be broadly grouped into three categories: fixed spreads over a market reference rate (the reference rate), variable spreads over the reference rate, and currency pool based rates. Fixed spreads and variable spreads are currently offered under IBRD Flexible Loan (IFL) product which consolidated the two previously offered London Interbank Offered Rate (LIBOR) products: Variable Spread Loan (VSL) and Fixed Spread Loan (FSL). In addition, there are other LIBOR based products and currency pool based products in IBRD's portfolio. Those products have been discontinued for new loan commitments but will continue to require rate resetting for outstanding loans.  See Less -