Filed Pursuant to Rule 433
Registration Statement No. 333-217916

Final Term Sheet for the 2030 Notes

The Export-Import Bank of Korea

Final Term Sheet for US$500,000,000 1.250% Notes due 2030 (the “2030 Notes”)

September 14, 2020

 

Issuer		The Export-Import Bank of Korea
Issue Currency		U.S. Dollar (US$)
Issue Size		US$500,000,000
Maturity Date		September 21, 2030
Settlement Date		On or about September 21, 2020, which will be the 5th business day following the date of this final term sheet. If you wish to trade the 2030 Notes on any day prior to the second business day before the settlement date, because the 2030 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		1.250% per annum
Day Count		30/360
Interest Payment Dates		March 21 and September 21 of each year, commencing on March 21, 2021 and with interest accruing from September 21, 2020. 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		99.383%
Gross Proceeds		US$496,915,000
Underwriting Discounts		0.300%
Net Proceeds (after deducting underwriting discounts but not estimated expenses)		US$495,415,000
Denominations		US$200k/1k
CUSIP		302154DD8
ISIN		US302154DD89

Format		The 2030 Notes will be registered with the U.S. Securities and Exchange Commission.
Listing		Application will be made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the 2030 Notes.
Governing Law		New York
Joint Bookrunners		BofA Securities, Inc., The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, J.P. Morgan Securities LLC and Mizuho Securities USA LLC
Fiscal Agent		The Bank of New York Mellon

This Final Term Sheet should be read in conjunction with the prospectus dated July 20, 2020, as supplemented by the preliminary prospectus supplement dated September 14, 2020 (the “Preliminary Prospectus”), relating to the 2030 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. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect at 1-212-834-4533.

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

https://www.sec.gov/Archives/edgar/data/873463/000119312520244615/d933425d424b5.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 2030 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.

 

2