Interest rate on borrowing from Export Development Fund (EDF)

FE Circular No. 15
The interest rate structure for loans from EDF is being revised. Previously, BB charged Authorized Dealers (ADs) an interest rate of 3% per annum, and ADs charged manufacturer-exporters 4.50% per annum. Under the new structure, the interest rate for loans to ADs will be based on the SOFR plus 0.5% per annum, while ADs will charge manufacturer-exporters SOFR plus 1.50% per annum.