Commentary & Deal Flow

Reoffer: 3yr: SONIA MS+48bp / 99.778 / 4.580%
Benchmark: 3yr: UKT 0 7/8 22-Oct-29 @ 89.607 / B+33.10bp / HR 106%

Final Books in excess of £1.1bn (excl JLM interest)

Launched: 3yr: £500m @ SONIA MS+48bp - Books in excess of £1.1bn (excl JLM interest)
Rev Guidance: 3yr: SONIA MS+50a - Books in excess of £1bn (excl. JLM)
Guidance: 3yr: SONIA MS+53a

• Issuer: The Export-Import Bank of Korea (“KEXIM”, Ticker: EIBKOR)
• Issuer Ratings: Aa2/AA/AA- (all stable) (Moody’s / S&P / Fitch)
• Exp. Issue Ratings: Aa2/AA/AA- (Moody’s / S&P / Fitch)
• Format: Senior Unsecured; Reg S Registered
• Issue Size: £500m
• Settlement: 09-Jun-26
• Maturity Date: 22-Oct-29
• Coupon: 4.500%, Fixed, Annual, ACT/ACT (short 1st to 22-Oct-26)
• Reoffer Spread: SONIA MS (A, A/365) + 48 bps
• Reoffer Price / Yield: 99.778 / 4.580% annual / 4.529% semi-annual
• Reference Gilt: UKT 0 7/8 22-Oct-29 + 33.10 bps (mid @ 89.607 / HR 106%)
• Denominations: 100k + 1k
• Governing Law: English Law
• Documentation: Issuer's GMTN Programme
• Listing: London Stock Exchange (International Securities Market)
• Settlement: Euroclear/ Clearstream
• Lead Managers: Deutsche Bank / HSBC (B&D) / Nomura
• Target Market: Professional & Eligible Counterparties (all distribution channels, MiFID II/UK MiFIR product governance)
• ISIN: XS3389684773
• Common Code: 338968477
• Timing: Priced. TOE: 14:01 UK. FTT: Immediately.