Form FWP EXPORT IMPORT BANK OF Filed by: EXPORT IMPORT BANK OF KOREA

June 23, 2021 6:05 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Filed Pursuant to Rule 433

Registration Statement No. 333-255836

 

Final Term Sheet for the 2024 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$750,000,000 0.625% Notes due 2024 (the “2024 Notes”)

June 22, 2021

 

Issuer    The Export-Import Bank of Korea
Issue Currency    U.S. Dollar (US$)
Issue Size    US$750,000,000
Maturity Date    June 29, 2024
Settlement Date    On or about June 29, 2021, which will be the fifth business day following the date of this final term sheet. If you wish to trade the 2024 Notes on any day prior to the second business day before the settlement date, because the 2024 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    0.625% per annum
Day Count    30/360
Interest Payment Dates    June 29 and December 29 of each year, commencing on December 29, 2021 and with interest accruing from June 29, 2021. 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    99.947%
Gross Proceeds    US$749,602,500
Underwriting Discounts    0.300%
Net Proceeds (after deducting underwriting discounts but not estimated expenses)    US$747,352,500


Denominations    US$200k/1k
CUSIP    302154 DH9
ISIN    US302154DH93
Format    The 2024 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 2024 Notes.
Governing Law    New York
Joint Bookrunners    BofA Securities, Inc., Crédit Agricole Corporate and Investment Bank, Mizuho Securities USA LLC, NH Investment and Securities Co., LTD, Société Générale and Standard Chartered Bank
Co-manager    KEXIM Bank (UK) Limited
Fiscal Agent    The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated May 21, 2021, as supplemented by the preliminary prospectus supplement dated June 22, 2021 (the “Preliminary Prospectus”), relating to the 2024 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 BofA Securities, Inc. by emailing at dg.prospectus_requests@bofa.com. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free at +1 800 294 1322.

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

https://www.sec.gov/Archives/edgar/data/873463/000119312521195636/d166193d424b5.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 2024 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 2026 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$750,000,000 1.125% Notes due 2026 (the “2026 Notes”)

June 22, 2021

 

Issuer

  

The Export-Import Bank of Korea

Issue Currency

  

U.S. Dollar (US$)

Issue Size

  

US$750,000,000

Maturity Date

  

December 29, 2026

Settlement Date

   On or about June 29, 2021, which will be the fifth business day following the date of this final term sheet. If you wish to trade the 2026 Notes on any day prior to the second business day before the settlement date, because the 2026 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

   1.125% per annum

Day Count

   30/360

Interest Payment Dates

   June 29 and December 29 of each year, commencing on December 29, 2021 and with interest accruing from June 29, 2021. 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

   99.533%

Gross Proceeds

  

US$746,497,500

Underwriting Discounts

   0.300%


Net Proceeds (after deducting underwriting discounts but not estimated expenses)    US$744,247,500

Denominations

   US$200k/1k

CUSIP

   302154 DJ5

ISIN

   US302154DJ59

Format

   The 2026 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 2026 Notes.

Governing Law

   New York

Joint Bookrunners

   BofA Securities, Inc., Crédit Agricole Corporate and Investment Bank, Mizuho Securities USA LLC, NH Investment and Securities Co., LTD, Société Générale and Standard Chartered Bank

Co-manager

   KEXIM Bank (UK) Limited

Fiscal Agent

   The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated May 21, 2021, as supplemented by the preliminary prospectus supplement dated June 22, 2021 (the “Preliminary Prospectus”), relating to the 2026 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 BofA Securities, Inc. by emailing at dg.prospectus_requests@bofa.com. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free at +1 800 294 1322.

The most recent prospectus can be accessed through the following link: https://www.sec.gov/Archives/edgar/data/873463/000119312521195636/d166193d424b5.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 2026 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 2041 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$500,000,000 2.500% Notes due 2041 (the “2041 Notes”)

June 22, 2021

 

Issuer    The Export-Import Bank of Korea
Issue Currency    U.S. Dollar (US$)
Issue Size    US$500,000,000
Maturity Date    June 29, 2041
Settlement Date    On or about June 29, 2021, which will be the fifth business day following the date of this final term sheet. If you wish to trade the 2041 Notes on any day prior to the second business day before the settlement date, because the 2041 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    2.500% per annum
Day Count    30/360
Interest Payment Dates    June 29 and December 29 of each year, commencing on December 29, 2021 and with interest accruing from June 29, 2021. 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    99.220%
Gross Proceeds    US$496,100,000


Underwriting Discounts    0.300%
Net Proceeds (after deducting underwriting discounts but not estimated expenses)    US$494,600,000
Denominations    US$200k/1k
CUSIP    302154 DK2
ISIN    US302154DK23
Format    The 2041 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 2041 Notes.
Governing Law    New York
Joint Bookrunners    BofA Securities, Inc., Crédit Agricole Corporate and Investment Bank, Mizuho Securities USA LLC, NH Investment and Securities Co., LTD, Société Générale and Standard Chartered Bank
Co-manager    KEXIM Bank (UK) Limited
Fiscal Agent    The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated May 21, 2021, as supplemented by the preliminary prospectus supplement dated June 22, 2021 (the “Preliminary Prospectus”), relating to the 2041 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 BofA Securities, Inc. by emailing at dg.prospectus_requests@bofa.com. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free at +1 800 294 1322.

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

https://www.sec.gov/Archives/edgar/data/873463/000119312521195636/d166193d424b5.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 2041 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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings