Rates

Export Credit Norway offers loans with two different sets of interest terms:

Fixed interest rates set by the OECD once a month, referred to as Commercial Interest Reference Rates (CIRR).
Interest rates on commercial terms in accordance with current market prices, most commonly a reference rate such as LIBOR plus a fixed margin. The offered interest rate must comply with the rules on state subsidies.

We quote CIRRs in an “indicative term sheet” before the export contract is concluded. The applicable interest rate is finally set on the date the export contract is signed.

The interest payable to Export Credit Norway does not include the guarantee premium payable to the loan guarantors. This will be set in accordance with the guarantors’ assessment of political and commercial risks relating to the project or the company being funded.The total payable interest rate thus equals the interest payable to Export Credit Norway plus the guarantee premium payable to the guarantors.

Rates

15/02-2019 - 14/03-2019

Tenor

NOK

< 5 yr

2,55

5,5 - 8,5 yr

2,55

9 - 12 yr

2,55

15 yr

2,98

18 yr

3,14

Tenor

USD

< 5 yr

3,72

5,5 - 8,5 yr

3,74

9 - 12 yr

3,81

15 yr

4,04

18 yr

4,11

Tenor

EUR

< 5 yr

0,66

5,5 - 8,5 yr

0,89

9 - 12 yr

1,14

15 yr

1,45

18 yr

1,65

Tenor

GBP

< 5 yr

1,99

5,5 - 8,5 yr

2,12

9 - 12 yr

2,29

15 yr

2,57

18 yr

2,73

Tenor

JPY

< 5 yr

1,04

5,5 - 8,5 yr

1,04

9 - 12 yr

1,05

15 yr

1,29

18 yr

1,41

Tenor

DKK

< 5 yr

0,71

5,5 - 8,5 yr

0,91

9 - 12 yr

0,89

15 yr

1,19

18 yr

1,57

Tenor

SEK

< 5 yr

0,81

5,5 - 8,5 yr

1,15

9 - 12 yr

1,32

15 yr

1,52

18 yr

1,83

The interest rates specified above apply to interest-rate offers for up to 120 days during the negotiation period preceding the conclusion of a commercial export contract. An interest supplement of 0.20% is included. If an export contract is concluded (signed) before 14/03-2019, the “pre-contract” CIRR specified in the table will be reduced by 0.20 %.