Commercial Interest Reference Rates (CIRRs)

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Ex-Im Bank Lending Rates (CIRR Rates) and New Minimum Interest Rates for Nuclear Power and Renewable Energies and Water

September 15, 2012 - October 14, 2012

Ex-Im Bank Direct Loans should apply the following minimum interest rate:

Standard Minimum Interest Rates

Minimum Interest Rates for New Nuclear Power and Large Hydro-Power Projects [1]

Repayment Term (years)

Interest Rate

Repayment Term (years)

Interest Rate

Up to and including 5 years

1.37

Up to and including 5 years

1.37

Over 5 and up to and including 8.5 years

1.71

Over 5 and up to and including 8.5 years

1.71

Over 8.5 years

2.14

Over 8.5 years

2.14

11 to 12

2.14

11 to 12

2.14

2.34

2.52

2.70

2.52

2.70

2.93

2.70

2.98

2.88

2.98

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