EXIM Minimum CIRR Rates for All Direct Loans including Nuclear Power, Renewable Energies, and Water

September 15, 2022 - October 14, 2022

EXIM Direct Loans should apply the following minimum interest rate:

    Current Previous
    September 15, 2022 - October 14, 2022 August 15, 2022 - September 14, 2022
Repayment Term (years) Repayment Terms New Nuclear Power and Large Hydro-power Projects[1] All Other Contracts New Nuclear Power and Large Hydro-power Projects[1] All Other Contracts
Up to and including 5 years ≤ 5 years 4.23 4.23 4.03 4.03
Over 5 and up to and including 8.5 years >5 to ≤ 8.5 years 4.03 4.03 3.96 3.96
Over 8.5 years >8.5 to ≤ 11 years 3.98 3.98 3.97 3.97
11 to 12 >11 to ≤ 12 years 3.98 3.98 3.97 3.97
13 >12 to ≤ 13 years 4.15 4.18 4.14 4.17
14 >13 to ≤ 14 years 4.13 4.15 4.12 4.14
15 >14 to ≤ 15 years 4.13 4.15 4.12 4.14
16 >15 to ≤ 16 years 4.15 4.13 4.15 4.12
17 >16 to ≤ 17 years 4.20 4.13 4.20 4.12
18 >17 to ≤ 18 years 4.20 4.10 4.20 4.10
NOTE: The 8-year and 9-year bond rates have been interpolated from the 7-year and 10-year rates.
1
As per the definition of the International Commission on Large Dams (ICOLD). ICOLD defines a large dam as a dam with a height of 15 m or more from the foundation. Dams that are between 5 and 15m high and have a reservoir volume of more than 3 million m3 are also classified as large dams.