Rural Utilities Loan Interest Rates
Water & Environmental Programs
Hardship Loan Rate
On November 1, 1993, the Rural Electrification Loan Restructuring Act, Pub. L. 103-129, 107 Stat. 1356, (RELRA) amended the Rural Electrification Act of 1936, 7 U.S.C. 901 et seq., (RE Act) to establish a new interest rate structure for insured electric loans. Insured electric loans approved on or after this date, are either municipal rate loans or hardship rate loans. Borrowers meeting the criteria set forth in §1714.8 are eligible for 5 percent hardship rate loans.
Treasury and Federal Financing Bank (FFB) Rates
The following list of interest rates for loans shall not constitute an offer or commitment to make a loan at these rates. The interest rates listed are illustrative only of the rates that would apply to funds advanced on the date identified here as the "Issue Date." These rates change daily.
APPROXIMATE FEDERAL FINANCING BANK LOAN RATES WITH CALL OPTIONS
|Yield Curve Date:||6/19/2018|
Callable Immediately (Par)
|Eff. FFB Rate with Option:||3.675% Qtr.|
|Call Option Pricing Spread||0.723|
Callable Immediately (5% decreasing)
|Eff. FFB Rate with Option:||3.383% Qtr.|
|Call Option Pricing Spread||0.431|
Callable Immediately (10% decreasing)
|Eff. FFB Rate with Option:||3.221% Qtr.|
|Call Option Pricing Spread||0.269|
|5-Year Call Date:9/30/2023|
5-Year No Call (Par)
|Eff. FFB Rate with Option:||3.367% Qtr.|
|Call Option Pricing Spread||0.415|
5-Year No Call (5% decreasing)
|Eff. FFB Rate with Option:||3.220% Qtr.|
|Call Option Pricing Spread||0.268|
5-Year No Call (10% decreasing)
|Eff. FFB Rate with Option:||3.106% Qtr.|
|Call Option Pricing Spread||0.154|
|ISSUE DATE: 6/20/2018|
6/19/2018 TREASURY YIELD CURVE SEMIANNUAL RATES
APPROXIMATE FFB QUARTERLY RATES*
*These approximate FFB rates are based upon a common type of RUS loan in which the quarterly loan payments are derived by amortizing over 30 years, but the loan matures with a balloon payment at the maturity indicated in the column heading (for example, 10 years). The column headings are approximate maturity terms, since the loans end on quarterly payment dates.
This list of interest rates for loans and pricing spreads for call options shall not constitute an offer or commitment to make a loan at these rates or to provide call options at these spreads. The interest rates and pricing spreads listed here are illustrative only of the rates and spreads that would apply to loans made on the date identified here as the "Issue Date" and would not apply to loans made on any other date.
Track our progress in loan making throughout the fiscal year by looking at the latest BoxScore. This document displays details of the various Electric Program loan offerings.
For information as to available "Call Options" and their associated pricing spreads, please contact the Electric Program directly (RUS Contacts).
To obtain the latest Federal Reserve Statistical Release of daily interest rates, you may use this link to go to the Federal Reserve Bank, where that information is available.
Municipal Interest Rates for the 3rd Quarter of CY 2018
In accordance with 7 CFR 1714.5, the interest rates are established as shown in the following table for all interest rate terms that begin at any time during the second quarter of calendar year 2018.
|Municipal Interest Rates|
|for the Third Quarter of 2018|
|Interest Rate Term Ends in (year...)||RUS rate (0.000 percent)|
|2039 or later||3.375|