Filed Pursuant to Rule 433
Registration Statement No. 333-157904
April 8, 2006
The Republic of Korea
US$1,500,000,000 5.750% Notes due 2014
US$1,500,000,000 7.125% Notes due 2019
April 8, 2009
| (a) | Final Term Sheet for US$1,500,000,000 5.750% Notes due 2014 (the “Notes”) |
Issuer | The Republic of Korea | |
Issue Currency | U.S. Dollars | |
Issue Size | US$1,500,000,000 | |
Issue Date | April 16, 2009 | |
Maturity Date | April 16, 2014 | |
Settlement Date | On or about April 16, 2009, which will be the sixth 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 two succeeding business days, because the Notes will initially settle in T+6, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement. | |
Interest Rate | 5.750% per annum (payable semi-annually) | |
Interest Payment Dates | April 16 and October 16 of each year, starting October 16, 2009. Interest on the Notes will accrue from April 16, 2009. | |
Public Offering Price | 99.512% | |
Gross Proceeds | US$1,492,680,000 | |
Underwriting Discounts | 0.21% | |
Net Proceeds (before expenses) | US$1,489,530,000 | |
Listing | Application has been made for the Notes to be listed on the Singapore Exchange Securities Trading Limited. | |
Joint Bookrunners | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Singapore Branch, Goldman Sachs International, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Samsung Securities Co., Ltd. | |
Co-Managers | BNP Paribas Securities Corp., Calyon, Morgan Stanley & Co. International plc, Nomura International plc and The Royal Bank of Scotland plc. | |
ISIN | US50064FAH73 | |
CUSIP | 50064F AH7 |
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 at www.sec.gov. Alternatively, the issuer, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch toll-free at 1-866-500-5408.
| (b) | Final Term Sheet for US$1,500,000,000 7.125% Notes due 2019 (the “Notes”) |
Issuer | The Republic of Korea | |
Issue Currency | U.S. Dollars | |
Issue Size | US$1,500,000,000 | |
Issue Date | April 16, 2009 | |
Maturity Date | April 16, 2019 | |
Settlement Date | On or about April 16, 2009, which will be the sixth 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 two succeeding business days, because the Notes will initially settle in T+6, you may be required to specify an alternate settlement cycle at the time of your trade to prevent a failed settlement. | |
Interest Rate | 7.125% per annum (payable semi-annually) | |
Interest Payment Dates | April 16 and October 16 of each year, starting October 16, 2009. Interest on the Notes will accrue from April 16, 2009. | |
Public Offering Price | 99.052% | |
Gross Proceeds | US$1,485,780,000 | |
Underwriting Discounts | 0.21% | |
Net Proceeds (before expenses) | US$1,482,630,000 | |
Listing | Application has been made for the Notes to be listed on the Singapore Exchange Securities Trading Limited. | |
Joint Bookrunners | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Singapore Branch, Goldman Sachs International, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Samsung Securities Co., Ltd. | |
Co-Managers | BNP Paribas Securities Corp., Calyon, Morgan Stanley & Co. International plc, Nomura International plc and The Royal Bank of Scotland plc. | |
ISIN | US50064FAJ30 | |
CUSIP | 50064F AJ3 |
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 at www.sec.gov. Alternatively, the issuer, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch toll-free at 1-866-500-5408.
