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

December 15, 2019 - January 14, 2020

EXIM Direct Loans should apply the following minimum interest rate:

    CurrentPrevious
    December 15, 2019 - January 14, 2020 November 15, 2019 - December 14, 2019
Repayment Term (years) Repayment TermsNew Nuclear Power and Large Hydro-power Projects[1]All Other ContractsNew Nuclear Power and Large Hydro-power Projects[1]All Other Contracts
Up to and including 5 years ≤ 5 years 2.61 2.61 2.53 2.53
Over 5 and up to and including 8.5 years >5 to ≤ 8.5 years 2.64 2.64 2.53 2.53
Over 8.5 years >8.5 to ≤ 11 years 2.74 2.74 2.62 2.62
11 to 12 >11 to ≤ 12 years 2.74 2.74 2.62 2.62
13 >12 to ≤ 13 years 2.96 2.94 2.85 2.82
14 >13 to ≤ 14 years 2.99 2.96 2.88 2.85
15 >14 to ≤ 15 years 2.99 2.96 2.88 2.85
16 >15 to ≤ 16 years 3.06 2.99 2.96 2.88
17 >16 to ≤ 17 years 3.11 2.99 3.01 2.88
18 >17 to ≤ 18 years 3.11 3.01 3.01 2.91
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.