KOSPO cuts guidance for $300 mln 5-yr bonds-source

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HONG KONG, April 11 (Reuters) - Korea Southern Power Co (KOSPO) cut its guidance for a sale of $300 million five-year bonds to 208-212 basis points over mid-swaps, from around 220 basis points provided a day earlier, a source familiar with the deal said on Friday.

Guidance was set at 210 basis points over mid-swaps, and may move up or down 2 basis points, said the source, who was not authorised to talk publicly to the media about the transaction.

KOSPO, a unit of electricity provider Korea Electric Power Corp (015760.KS: Quote, Profile, Research, Stock Buzz), finished a global roadshow for the deal in New York on Thursday. The deal could price as early as Friday.

ABN AMRO, Citigroup (C.N: Quote, Profile, Research, Stock Buzz) and Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) are the underwriters for the deal. (Reporting by Rafael Nam; Editing by Edmund Klamann)