Filed Pursuant to Rule 433
Registration Statement No. 333-156305
The Korea Development Bank
US$750,000,000 4.00% Notes due 2016 (the “Notes”)
Final Term Sheet
March 2, 2011
| Issuer | The Korea Development Bank | |
| Issue currency | U.S. DOLLAR ($) | |
| Issue size | US$750,000,000 | |
| Maturity date | September 9, 2016 | |
| Settlement date | On or about March 9, 2011, which will be the fifth business day following the date of this final term sheet. If you wish to trade the Notes on the date of this final term sheet or the next succeeding day, because the Notes will initially settle in T+5, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement. | |
| Interest rate | 4.00% per annum (payable semi-annually) | |
| Interest payment dates | March 9 and September 9 of each year, commencing on September 9, 2011 and with interest accruing from March 9, 2011 | |
| Public offering price | 99.512% | |
| Gross proceeds | US$746,340,000 | |
| Underwriting discounts | 0.3% | |
| Net proceeds (after deducting underwriting discounts but not estimated expenses) | US$744,090,000 | |
| Denominations | US$200k/1k | |
| Day count | 360-day year consisting of twelve 30-day months | |
| Listing | Approval in-principle has been received for the listing and quotation of the Notes on the Singapore Exchange Securities Trading Limited | |
| Governing Law | New York | |
| Fiscal Agent | The Bank of New York Mellon | |
| CUSIP | 500630BT4 | |
| ISIN | US500630BT45 | |
Common Code | 060254923 | |
| Ratings | A1 (Moody’s)/A (S&P)/A+ (Fitch) | |
| Joint Bookrunners | The Hongkong and Shanghai Banking Corporation Limited, KDB Asia Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Royal Bank of Scotland plc, Standard Chartered Bank and UBS AG | |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission atwww.sec.gov. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-884-2071.
The most recent prospectus can be accessed through the following link:
http://www.sec.gov/Archives/edgar/data/869318/000119312511052840/d424b5.htm
ANY DISCLAIMER OR OTHER NOTICES THAT MAY APPEAR AFTER THIS MESSAGE ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
2
