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

January 15, 2022 - February 14, 2023

EXIM Direct Loans should apply the following minimum interest rate:

    Current Previous
    January 15, 2022 - February 14, 2023 December 15, 2022 - January 14, 2023
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 5.05 5.05 5.34 5.34
Over 5 and up to and including 8.5 years >5 to ≤ 8.5 years 4.76 4.76 5.06 5.06
Over 8.5 years >8.5 to ≤ 11 years 4.72 4.72 4.99 4.99
11 to 12 >11 to ≤ 12 years 4.72 4.72 4.99 4.99
13 >12 to ≤ 13 years 4.88 4.92 5.15 5.19
14 >13 to ≤ 14 years 4.85 4.88 5.12 5.15
15 >14 to ≤ 15 years 4.85 4.88 5.12 5.15
16 >15 to ≤ 16 years 4.87 4.85 5.14 5.12
17 >16 to ≤ 17 years 4.92 4.85 5.19 5.12
18 >17 to ≤ 18 years 4.92 4.82 5.19 5.09
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.