Filed Pursuant to Rule 433
Registration Statement No. 333-203739
The Korea Development Bank
Final Term Sheet for US$500,000,000 1.375% Notes due 2019 (the “2019 Notes”)
September 6, 2016
Issuer | The Korea Development Bank |
Issue currency | U.S. DOLLAR (US$) |
Issue size | US$500,000,000 |
Maturity date | September 12, 2019 |
Settlement date | On or about September 12, 2016, which will be the fourth business day following the date of this final term sheet. If you wish to trade the 2019 Notes on the date of this final term sheet, because the 2019 Notes will initially settle in T+4, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement. |
Interest rate | 1.375% per annum (payable semi-annually) |
Interest payment dates | March 12 and September 12 of each year, commencing on March 12, 2017 and with interest accruing from September 12, 2016. If any Interest Payment Date or the Maturity Date shall be a day on which banking institutions in The City of New York or Seoul are authorized or obligated by law to close, then such payment will not be made on such date but will be made on the next succeeding day which is not a day on which banking institutions in The City of New York or Seoul are authorized or obligated by law to close, with the same force and effect as if made on the date for such payment, and no interest shall be payable in respect of any such delay. |
Public offering price | 99.830% |
Gross proceeds | US$499,150,000 |
Underwriting discounts | 0.30% |
Net proceeds (after deducting underwriting discounts but not estimated expenses) | US$497,650,000 |
Denominations | US$200k/1k |
Day count | 360-day year consisting of twelve 30-day months |
Listing | Application will be made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2019 Notes. |
Governing law | New York |
Fiscal Agent | The Bank of New York Mellon |
CUSIP | 500630CK2 |
ISIN | US500630CK27 |
Ratings | Aa2 (Moody’s) / AA (Standard & Poor’s) / AA- (Fitch) |
Joint Bookrunners and Joint Lead Managers | BNP Paribas, Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KDB Asia Limited, Mirae Asset Daewoo, Standard Chartered Bank and UBS AG, Hong Kong Branch |
The Korea Development Bank
Final Term Sheet for US$500,000,000 2.000% Notes due 2026 (the “2026 Notes”)
September 6, 2016
Issuer | The Korea Development Bank |
Issue currency | U.S. DOLLAR (US$) |
Issue size | US$500,000,000 |
Maturity date | September 12, 2026 |
Settlement date | On or about September 12, 2016, which will be the fourth business day following the date of this final term sheet. If you wish to trade the 2026 Notes on the date of this final term sheet, because the 2026 Notes will initially settle in T+4, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement. |
Interest rate | 2.000% per annum (payable semi-annually) |
Interest payment dates | March 12 and September 12 of each year, commencing on March 12, 2017 and with interest accruing from September 12, 2016. If any Interest Payment Date or the Maturity Date shall be a day on which banking institutions in The City of New York or Seoul are authorized or obligated by law to close, then such payment will not be made on such date but will be made on the next succeeding day which is not a day on which banking institutions in The City of New York or Seoul are authorized or obligated by law to close, with the same force and effect as if made on the date for such payment, and no interest shall be payable in respect of any such delay. |
Public offering price | 99.120% |
Gross proceeds | US$495,600,000 |
Underwriting discounts | 0.30% |
Net proceeds (after deducting underwriting discounts but not estimated expenses) | US$494,100,000 |
Denominations | US$200k/1k |
Day count | 360-day year consisting of twelve 30-day months |
Listing | Application will be made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2026 Notes. |
Governing law | New York |
Fiscal Agent | The Bank of New York Mellon |
CUSIP | 500630CL0 |
ISIN | US500630CL00 |
Ratings | Aa2 (Moody’s) / AA (Standard & Poor’s) / AA- (Fitch) |
Joint Bookrunners and Joint Lead Managers | BNP Paribas, Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KDB Asia Limited, Mirae Asset Daewoo, Standard Chartered Bank and UBS AG, Hong Kong Branch |
These Final Term Sheets should be read in conjunction with the prospectus dated June 21, 2016, as supplemented by the preliminary prospectus supplement dated September 6, 2016 (the “Prospectus Supplement”), relating to the 2019 Notes and the 2026 Notes.
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 free of charge by visiting EDGAR on the Website 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 1-212-834-4533.
The most recent prospectus can be accessed through the following link:
https://www.sec.gov/Archives/edgar/data/869318/000119312516701351/d251034d424b5.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 E-MAIL SYSTEM.
