Export Import Bank Of Korea FWP Free writing prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-255836

Final Term Sheet for the 2025 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$1,000,000,000 1.250% Notes due 2025 (the “2025 Notes”)

January 5, 2022

Issuer	The Export-Import Bank of Korea
Issue Currency	U.S. Dollar (US$)
Issue Size	US$1,000,000,000
Maturity Date	January 18, 2025
Settlement Date	On or about January 18, 2022, which will be the eighth business day following the date of this final term sheet. If you wish to trade the 2025 Notes on any day prior to the second business day before the settlement date, because the 2025 Notes will initially settle in T+8, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement.
Interest Rate	1.250% per annum
Day Count	30/360
Interest Payment Dates	January 18 and July 18 of each year, commencing on July 18, 2022 and with interest accruing from January 18, 2022. 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 such 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$998,500,000
Underwriting Discounts	0.300%
Net Proceeds (after deducting underwriting discounts but not estimated expenses)	US$995,500,000

Denominations	US$200k/1k
CUSIP	302154 DL0
ISIN	US302154DL06
Format	The 2025 Notes will be registered with the U.S. Securities and Exchange Commission.
Listing	Approval in-principle has been received from the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2025 Notes.
Governing Law	New York
Joint Bookrunners	BNP Paribas, Citigroup Global Markets Inc., Daiwa Capital Markets Europe Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KB Securities Co., Ltd. and MUFG Securities Asia Limited
Co-manager	KEXIM Asia Limited
Fiscal Agent	The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated July 22, 2021, as supplemented by the preliminary prospectus supplement dated January 4, 2022 (the “Preliminary Prospectus”), relating to the 2025 Notes. Capitalized terms used but not defined herein have the meanings given to them in the Preliminary Prospectus.

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 or from J.P. Morgan Securities LLC by calling +1-212-834-4533 or HSBC Securities (USA) Inc. by calling +1-866-811-8049.

The most recent prospectus can be accessed through the following link:

https://www.sec.gov/Archives/edgar/data/0000873463/000119312522000991/d640061d424b5.htm

Notification under Section 309B(1)(c) of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”)—the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA), that the 2025 Notes are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

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.

Final Term Sheet for the 2027 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$1,000,000,000 1.625% Notes due 2027 (the “2027 Notes”)

January 5, 2022

Issuer	The Export-Import Bank of Korea
Issue Currency	U.S. Dollar (US$)
Issue Size	US$1,000,000,000
Maturity Date	January 18, 2027
Settlement Date	On or about January 18, 2022, which will be the eighth business day following the date of this final term sheet. If you wish to trade the 2027 Notes on any day prior to the second business day before the settlement date, because the 2027 Notes will initially settle in T+8, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement.
Interest Rate	1.625% per annum
Day Count	30/360
Interest Payment Dates	January 18 and July 18 of each year, commencing on July 18, 2022 and with interest accruing from January 18, 2022. 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 such 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	99.675%
Gross Proceeds	US$996,750,000
Underwriting Discounts	0.300%
Net Proceeds (after deducting underwriting discounts but not estimated expenses)	US$993,750,000

Denominations	US$200k/1k
CUSIP	302154 DM8
ISIN	US302154DM88
Format	The 2027 Notes will be registered with the U.S. Securities and Exchange Commission.
Listing	Approval in-principle has been received from the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2027 Notes.
Governing Law	New York
Joint Bookrunners	BNP Paribas, Citigroup Global Markets Inc., Daiwa Capital Markets Europe Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KB Securities Co., Ltd. and MUFG Securities Asia Limited
Co-manager	KEXIM Asia Limited
Fiscal Agent	The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated July 22, 2021, as supplemented by the preliminary prospectus supplement dated January 4, 2022 (the “Preliminary Prospectus”), relating to the 2027 Notes. Capitalized terms used but not defined herein have the meanings given to them in the Preliminary Prospectus.

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 or from J.P. Morgan Securities LLC by calling +1-212-834-4533 or HSBC Securities (USA) Inc. by calling +1-866-811-8049.

The most recent prospectus can be accessed through the following link: https://www.sec.gov/Archives/edgar/data/0000873463/000119312522000991/d640061d424b5.htm

Notification under Section 309B(1)(c) of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”)—the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA), that the 2027 Notes are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

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.

Final Term Sheet for the 2032 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$1,000,000,000 2.125% Green Notes due 2032 (the “2032 Notes”)

January 5, 2022

Issuer	The Export-Import Bank of Korea
Issue Currency	U.S. Dollar (US$)
Issue Size	US$1,000,000,000
Maturity Date	January 18, 2032
Settlement Date	On or about January 18, 2022, which will be the eighth business day following the date of this final term sheet. If you wish to trade the 2032 Notes on any day prior to the second business day before the settlement date, because the 2032 Notes will initially settle in T+8, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement.
Interest Rate	2.125% per annum
Day Count	30/360
Interest Payment Dates	January 18 and July 18 of each year, commencing on July 18, 2022 and with interest accruing from January 18, 2022. 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 such 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	99.517%
Gross Proceeds	US$995,170,000
Underwriting Discounts	0.300%
Net Proceeds (after deducting underwriting discounts but not estimated expenses)	US$992,170,000

Denominations	US$200k/1k
CUSIP	302154 DN6
ISIN	US302154DN61
Format	The 2032 Notes will be registered with the U.S. Securities and Exchange Commission.
Listing	Approval in-principle has been received from the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2032 Notes.
Governing Law	New York
Joint Bookrunners	BNP Paribas, Citigroup Global Markets Inc., Daiwa Capital Markets Europe Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KB Securities Co., Ltd. and MUFG Securities Asia Limited
Co-manager	KEXIM Asia Limited
Fiscal Agent	The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated July 22, 2021, as supplemented by the preliminary prospectus supplement dated January 4, 2022 (the “Preliminary Prospectus”), relating to the 2032 Notes. Capitalized terms used but not defined herein have the meanings given to them in the Preliminary Prospectus.

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 or from J.P. Morgan Securities LLC by calling +1-212-834-4533 or HSBC Securities (USA) Inc. by calling +1-866-811-8049.

The most recent prospectus can be accessed through the following link:

https://www.sec.gov/Archives/edgar/data/0000873463/000119312522000991/d640061d424b5.htm

Notification under Section 309B(1)(c) of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”)—the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA), that the 2032 Notes are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

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.