Second equity deal of the year for HKT Trust

An undisclosed shareholder has raised $180 million from an accelerated placement in the Hong Kong telecoms company.

Second equity deal of the year for HKT Trust

Taking advantage of strong share price momentum, an undisclosed shareholder offloaded a 2% stake in Hong Kong-based telecoms group HKT Trust and HKT Ltd after Wednesday's close.

The deal by the subsidiary of PCCW raised HK$1.4 billion US$180 million after being upsized from 120 million share stapled units to 150 million on the back of strong demand.

Lead manager Morgan Stanley pitched the deal at a price range of HK...

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