New Issue: Korea Gas sells $500 million 2 7/8% notes due 2018 at 168 bps spread

By Christine Van Dusen

Atlanta, July 22 - Korea Gas Corp. priced a $500 million issue of 2 7/8% notes due July 29, 2018 (A1/A+/) at 99.479 to yield 2.988%, or Treasuries plus 168 basis points, a market source said.

Korea Development Bank, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC were the bookrunners for the deal.

Korea Gas is a public natural gas company incorporated by the Korean government.

Issuer:	Korea Gas Corp.
Amount:	$500 million
Maturity:	July 29, 2018
Description:	Notes
Bookrunners:	Korea Development Bank, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC
Coupon:	2 7/8%
Price:	99.479
Yield:	2.988%
Spread:	Treasuries plus 168 bps
Trade date:	July 22
Settlement date:	July 29
Ratings:	Moody's: A1
	Standard & Poor's: A+

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