Filed Pursuant to Rule 433
Registration Statement No. 333-180273
Final Term Sheets for the Notes
The Export-Import Bank of Korea
Final Term Sheet for US$500,000,000 2.375% Notes due 2019 (the “2019 Notes”)
August 5, 2014
| Issuer | The Export-Import Bank of Korea | |
| Issue currency | U.S. Dollar (US$) | |
| Issue size | US$500,000,000 | |
| Maturity Date | August 12, 2019 | |
| Settlement date | On or about August 12, 2014, which will be the fifth business day following the date of this final term sheet. | |
| Interest Rate | 2.375% per annum (first interest payment will be made on February 12, 2015 and thereafter payable semi-annually) | |
| Day count | 30/360 (interest on the 2019 Notes will accrue from August 12, 2014) | |
| Interest Payment Dates | February 12 and August 12 of each year, commencing on February 12, 2015. If any Interest Payment Date or the Maturity Date falls on a day that is not a business day (as defined below), then payment will not be made on such date but will be made on the next succeeding day that is a business day, with the same force and effect as if made on the Interest Payment Date or the Maturity Date (as the case may be), and no interest shall be payable in respect of such delay. The term “business day” as used herein means a day other than a Saturday, a Sunday, or any other day on which banking institutions in The City of New York, London or Seoul are authorized or required by law or executive order to remain closed. | |
| Public Offering Price | 99.850% | |
| Gross Proceeds | US$499,250,000 | |
| Underwriting Discounts | 0.30% | |
| Net Proceeds (after deducting underwriting discounts but not estimated expenses) | US$497,750,000 | |
| Denominations | US$200k/1k | |
| CUSIP | 302154 BM0 | |
| ISIN | US302154BM07 | |
| Format | The 2019 Notes will be registered with the U.S. Securities and Exchange Commission. | |
| Listing | Application has been made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2019 Notes. | |
| Governing Law | New York | |
| Joint Bookrunners and Lead Managers | ANZ Securities, Inc., BNP Paribas, Hong Kong Branch, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Standard Chartered Bank | |
| Joint Lead Managers | ANZ Securities, Inc., BNP Paribas, Hong Kong Branch, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Standard Chartered Bank and Daewoo Securities Co., Ltd. | |
| Fiscal Agent | The Bank of New York Mellon | |
The Export-Import Bank of Korea
Final Term Sheet for US$500,000,000 3.250% Notes due 2026 (the “2026 Notes”)
August 5, 2014
| Issuer | The Export-Import Bank of Korea | |
| Issue currency | U.S. Dollar (US$) | |
| Issue size | US$500,000,000 | |
| Maturity Date | August 12, 2026 | |
| Settlement date | On or about August 12, 2014, which will be the fifth business day following the date of this final term sheet. | |
| Interest Rate | 3.250% per annum (first interest payment will be made on February 12, 2015 and thereafter payable semi-annually) | |
| Day count | 30/360 (interest on the 2026 Notes will accrue from August 12, 2014) | |
| Interest Payment Dates | February 12 and August 12 of each year, commencing on February 12, 2015. If any Interest Payment Date or the Maturity Date falls on a day that is not a business day (as defined below), then payment will not be made on such date but will be made on the next succeeding day that is a business day, with the same force and effect as if made on the Interest Payment Date or the Maturity Date (as the case may be), and no interest shall be payable in respect of such delay. The term “business day” as used herein means a day other than a Saturday, a Sunday, or any other day on which banking institutions in The City of New York, London or Seoul are authorized or required by law or executive order to remain closed. | |
| Public Offering Price | 98.882% | |
| Gross Proceeds | US$494,410,000 | |
| Underwriting Discounts | 0.30% | |
| Net Proceeds (after deducting underwriting discounts but not estimated expenses) | US$492,910,000 | |
| Denominations | US$200k/1k | |
| CUSIP | 302154 BN8 | |
| ISIN | US302154BN89 | |
| Format | The 2026 Notes will be registered with the U.S. Securities and Exchange Commission. | |
| Listing | Application has been made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2026 Notes | |
| Governing Law | New York | |
| Joint Bookrunners and Lead Managers | ANZ Securities, Inc., BNP Paribas, Hong Kong Branch, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Standard Chartered Bank | |
| Joint Lead Managers | ANZ Securities, Inc., BNP Paribas, Hong Kong Branch, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Standard Chartered Bank and Daewoo Securities Co., Ltd. | |
| Fiscal Agent | The Bank of New York Mellon | |
This Final Term Sheets should be read in conjunction with the prospectus dated August 1, 2014, as supplemented by the preliminary prospectus supplement dated August 5, 2014 (the “Preliminary Prospectus Supplement”), relating to the Notes. All references to the “Notes” herein and in the Preliminary Prospectus Supplement are to the 2019 Notes and the 2026 Notes, collectively. Capitalized terms used but not defined herein have the meanings given to them in the Preliminary Prospectus Supplement.
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 at www.sec.gov. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-800-294-1322.
The most recent prospectus can be accessed through the following link:
http://www.sec.gov/Archives/edgar/data/873463/000119312514294419/d689902d424b5.htm
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