Today's LIBOR Rates
July 28, 2010
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
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Pakistan Receives LIBOR-based Loans |
February 24, 2010
According to Daily Times, Pakistan has received $6.9 billion in loans with interest rates for several loan components based on LIBOR, the London Interbank Offered Rate. LIBOR is a filtered average of rates that banks charge each other for short-term, unsecured loans.
The lenders are a consortium of countries and international development banks, all of whom extended or initiated loans to Pakistan in the first two months of 2010. The LIBOR-based loan components include:
- China, $500 million at LIBOR plus margin
- Saudi Arabia, $332 million at LIBOR plus margin
- Asia Development Bank, $1.65 billion at LIBOR plus margin
- Islamic Development Bank, $1 billion at LIBOR plus margin
- International Bank for Reconstruction and Development, $145 million at
- LIBOR plus margin