The Thai bank’s sales of FX structures surged over nine times in the first seven months of the year.
Krungthai Bank’s sales of FX-linked structured notes are on a tear. The Bangkok-based bank has seen sales volumes on FX-linked products soaring to THB7.2 billion (US$223m) between January and July, up 9.3 times from last year’s same time (THB700m), according to disclosures from Thailand’s Securities and Exchange Commission. The latest volumes were generated from 458 issuances, with the majority tracking the USD/THB pair, as well as three on the GBP/THB pair, two on the USD/JP