Korea Gas Corp. has launched its $500 million five-year bond at 390 basis points over comparable U.S. Treasurys, according to a person familiar with the matter.

Kogas, as the company is also known, tightened its spread and the final guidance was reined in from an initial guidance of 400-420 basis points over Treasurys.

The bond will price during New York trading hours Thursday.

Bank of America Merrill Lynch, Deutsche Bank and JPMorgan are in charge of the bond sale.

Kogas is rated A2 by Moody's Investors Service and A by Standard & Poor's Ratings Services.

 
   -By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227; anusha.shrivastava@dowjones.com

(Ditas Lopez in Singapore and Sonja Cheung in london contributed to this report)