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

September 15, 2020 - October 14, 2020

EXIM Direct Loans should apply the following minimum interest rate:

    CurrentPrevious
    September 15, 2020 - October 14, 2020August 15, 2020 - September 14, 2020
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 1.16 1.16 1.17 1.17
Over 5 and up to and including 8.5 years >5 to ≤ 8.5 years 1.27 1.27 1.28 1.28
Over 8.5 years >8.5 to ≤ 11 years 1.46 1.46 1.46 1.46
11 to 12 >11 to ≤ 12 years 1.46 1.46 1.46 1.46
13 >12 to ≤ 13 years 1.73 1.66 1.72 1.66
14 >13 to ≤ 14 years 1.79 1.73 1.77 1.72
15 >14 to ≤ 15 years 1.79 1.73 1.77 1.72
16 >15 to ≤ 16 years 1.90 1.79 1.87 1.77
17 >16 to ≤ 17 years 1.95 1.79 1.92 1.77
18 >17 to ≤ 18 years 1.95 1.85 1.92 1.82
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.