S.Korea's Korail plans 5-year, $300 mln bond

HONG KONG, April 30 (Reuters) - Korail Railroad Corp, South Korea's government-owned railroad company, plans a 5-year, $300 million bond offering, according to Moody's (MCO.N: Quote, Profile, Research, Stock Buzz).

The rating agency gave Korail an A2 issuer rating and said the outlook is stable.

Bookrunners for the offering are Citigroup (C.N: Quote, Profile, Research, Stock Buzz), HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) and Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz), according to a source familiar with the deal.

Proceeds from the notes will be used for capital expenditure and debt refinancing, Moody's said. Korail provides railroad transportation services, repair and maintenance work and subway transit services.

A date for the notes' roadshow has not been determined.

(Reporting by Michael Flaherty; editing by Anne Marie Roantree)