Kumho offers $260 mln stake in Daewoo E&C in a block deal-IFR

SEOUL, July 25 (Reuters) - Kumho Industrial Co is offering its 20 million shares in Daewoo Engineering & Construction to raise up to 273 billion won ($259.5 million), IFR said on Monday.

Kumho is offering the shares at between Monday's closing price of 13,650 won and up to 7 percent discount of 12,700 won a share, according to a term sheet obtained by IFR, a Reuters affiliate.

Kumho is offering the stock as part of liquidity boosting measures after its parent Kumho Asiana group was put into a creditors-led restructuring programme following a debt-fueled acquisition spree.

Daewoo Securities and Woori Investment & Securities are joint managers of the deal. ($1 = 1051.900 Korean Won) (Reporting by Daniel Stanton; Editing by Jacqueline Wong)