SLIDE 13 13
Maximum tenors ac accordin ing to OECD Arr rrangement
Maximum term - years Repayment of principal Repayment flexibility in case of timing imbalance[1] Cat I country
5 / 8.5 with prior notification Equal repayments. First repayment no later than 6 months from starting point, repayments no less frequently than every 6 months. First repayment of principal no later than 12 months from starting point of credit, repayments no less frequently than every 12
- months. MWA: 4.5 – Sov; 5 – non-Sov
Cat II country
10 As above Repayment: as above; MWA: 5.25 – Sov; 6 – non-Sov
Rail [2]
12 - Cat I ; 14 - Cat II As above Repayment: as above; MWA: 6.25 - Cat I; 7.25 - Cat II
Nuclear
18 - main plant As above Repayment instalments: as above.
- Max. repayment term: 15 years; MWA: 9
Climate change, renewable energy
15/18 [3] Below SDR10m: 5/8.5 - Cat I; 10 - Cat II As above First repayment of principal no later than 18 months from start, repayments no less frequently than every 12 months. MWA: 60% max. available tenor
Non-nuclear power
12 (more with prior notification) As above MWA: 6.25
Ships
12 Equal repayments. First repayment no later than 6 months of start, others at regular intervals of normally 6 and max.12 months.
Civil aircraft
12 – new; 15 - exceptionally Used aircraft: max 10 Equal repayments. First repayment no later than 3 months from start, repayments no less frequently than 3 months (or 6 for both after prior notification). With prior notification, final payment can be on a specified date.
Project finance
14 Among conditions for project finance terms: first repayment no later than 24 months after starting point; MWA: 7.25. Principal may be repaid in unequal instalments; principal& interest in less-frequent than semi-ann. instalments subject to conditions.
[1]“An imbalance in the timing of the funds available to the obligor and the debt service profile available under an equal, semi-annual
repayment schedule” – subject to various conditions including to Maximum Weighted Average term, and principal repayment schedule.
[2] Maximum repayment term cannot exceed the useful life of the asset. [3] Carbon capture and storage – 18 years; Fossil fuel substitution and Energy efficiency – 15 years.
