S. Korea KOGAS issues price guidance for bonds -source

HONG KONG, July 9 (Reuters) - State-run Korea Gas Corp (KOGAS) (036460.KS) will sell five-year dollar bonds to raise $500 million, a source close to the deal said on Thursday.

The bonds will be sold at around 400 to 420 bps over U.S. treasuries, but guidance is likely to be tightened because the deal was "majorly oversubscribed".

The offering will be handled by Deutsche Bank (DBKGn.DE), Bank of America-Merrill Lynch and JPMorgan (JPM.N).

KOGAS, rated A by Standard & Poor's and A2 by Moody's Investors Service, is South Korea's largest importer and sole wholesaler of liquefied natural gas. (Reporting by Umesh Desai; Editing by Chris Lewis)