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

April 15, 2023 - May 14, 2023

EXIM Direct Loans should apply the following minimum interest rate:

  CurrentPrevious
  April 15, 2023 - May 14, 2023March 15, 2023 - April 14, 2023
Repayment Term (years)Repayment TermsGeneral Arrangement, Project Finance, and Rail Transactions[1]New Nuclear Power and Large Hydro-power Projects[2]All Other CCSU Contracts[3]General Arrangement, Project Finance, and Rail Transactions[1]New Nuclear Power and Large Hydro-power Projects[2]All Other CCSU Contracts[3]
Up to and including 5 years≤ 5 years4.764.764.765.095.095.09
Over 5 and up to and including 8.5 years>5 to ≤ 8.5 years4.544.544.544.824.824.82
Over 8.5 years>8.5 to ≤ 11 years4.504.504.504.774.774.77
11 to 12>11 to ≤ 12 years4.504.504.504.774.774.77
13>12 to ≤ 13 years4.704.694.704.974.934.97
14>13 to ≤ 14 years4.704.674.694.974.904.93
15>14 to ≤ 15 yearsN/A4.674.69N/A4.904.93
16>15 to ≤ 16 yearsN/A4.714.67N/A4.914.90
17>16 to ≤ 17 yearsN/A4.764.67N/A4.964.90
18>17 to ≤ 18 yearsN/A4.764.66N/A4.964.86
NOTE:The 8-year and 9-year bond rates have been interpolated from the 7-year and 10-year rates.
1
General Arrangement transactions are currently limited to a maximum of 8.5 years for Category I countries and 10 years for Category II countries. As such, rates for tenors above 10 years only relate to project finance, rail, and conventional power transactions utililizing these extended terms.

2

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.

3

Sector Understanding on Export Credits for Renewable Energy, Climate Change Mitigation and Adaptation, and Water Projects