True corp brings first accelerated placement from Thailand

Merrill Lynch completed the first accelerated block trade out of Thailand after Wednesday's close (December 1), raising Bt2.7 billion ($70 million) for True Corp, formerly known as TelecomAsia. The 398 million new share deal was marketed at Bt6.3 to Bt6.8 and priced at Bt6.8, which represents a 7.5% discount to the stock's close of Bt7.35.