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Borrower Outreach: Southeast Asia (SERD) - Shared screen with speaker view
iPhone didith tan
01:32:57
The drop dead date is fast approaching. What if the market for the SOFR-based forward rate does not develop? Is the ARRC contemplating a formula in determining the replacement rate? If so, what is this formula and if we are going to use the formula now, what is the resulting rate versus the current LIBOR rates?
CAM-Pen Thirong
01:34:39
What does the borrower have to do from now until the end of 2021?
INO_Aisyah
01:36:18
Will the use of ARR need adjustment also to the interest rate spread or the spread will remain the same? Is there any initial review on how the change of LIBOR to SOFR will impact the real interest to be paid by the Borrower?
Mahani/PLN/DIVKEU
01:37:51
I am Mahani from PLN. With regard to USD Loan, may we know how ADB expect to determine the reference rate? which preference will you choose? cost of fund of ADB or SOFR with a spread adjustment for the new interest rate? afterwards, how we know that the determined rate is a fair rate later?
INO _ Eka H. Permana
02:04:56
What mechanism will be taken by ADB on ammandement. it will be single ammandement ot grouping amendment.
PHI -Dianne
02:05:44
Since SOFR is an overnight rate, will forward looking term SOFR be available as well to avoid arrears (if ever)?
i0s
02:11:27
what reference rate will be used next year before the final ARR is announced/approved?
BSP-Toby Marcelo
02:21:25
Thank you and we appreciate ADB's regular update on the matter.
PHI - Jens
02:21:43
Thank you
ADB - Hien
02:21:49
Thank you