Commentary & Deal Flow

Spread set at: 5yr: MS+35bp - Book over €1.1bn (excluding JLM interest)
Book Update: Book over €1bn (excl. JLM)
Guidance: 5yr: MS+36a

• Issuer: The Export-Import Bank of Korea (“KEXIM”)
• Issuer Ratings: Aa2 (Stable) by Moody’s / AA (Stable) by S&P / AA- (Stable) by Fitch
• Exp. Issue Ratings: Aa2 by Moody’s / AA by S&P / AA- by Fitch
• Status: Senior Unsecured
• Format: Reg S (Category 2), Registered Form
• Size: € Benchmark
• Exp. Settlement Date: 23-Apr-26 (T+5)
• Maturity: 23-Apr-31
• Spread Set: MS+35bps
• Books Subject: To close at 1:00pm UKT
• Coupon: Fixed, Annual Act/Act
• Terms: LSE ISM Listing, 100k/1k Denoms, English Law
• Use of Proceeds: To finance or refinance, in whole or in part, new or existing projects or assets related to the Eligible Green Projects or Assets and the Eligible Social Projects or Assets, as set forth in KEXIM’s Sustainable Finance Framework
• Joint Lead Managers: BNP Paribas, HSBC, ING, J.P. Morgan (B&D), Natixis
• Expected Timing: Today’s business (during London hours)