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Market review

Market Reviews
Thailand Market Review, Q3 2025: FX rates-linked notes shine, Tesla leads single stock exposures

20 Nov 2025

Thailand Market Review, Q3 2025: FX rates-linked notes shine, Tesla leads single stock exposures

Siam Commercial Bank topped the issuer’s league table in Q3 with higher stock basket sales.

Market Reviews
Ireland Q3 2025: Davy leads the way with BNPP green bond

19 Nov 2025

Ireland Q3 2025: Davy leads the way with BNPP green bond

The wealth managers ESG offer was one of few highlights in an otherwise slow quarter.

Market Reviews
Hong Kong, October 2025: listed products’ issuance heads north

18 Nov 2025

Hong Kong, October 2025: listed products’ issuance heads north

Alibaba leads as the most-used asset for warrant issuances, while Hua Hong Semiconductor advances to the top five list. Nvidia is the most popular underlying for ELIs.

Market Reviews
Slovakia, Q3 2025: equity indices dominate, single name autocalls come good

13 Nov 2025

Slovakia, Q3 2025: equity indices dominate, single name autocalls come good

Products linked to single equity-indices increased their market share by 45 percentage points YoY.

Market Reviews
Czech Republic Q3 2025: single indices prosper, autocalls remain in charge

11 Nov 2025

Czech Republic Q3 2025: single indices prosper, autocalls remain in charge

The market share for products linked to a single equity index increased by 22 percentage points YoY.

Market Reviews
South Korea October 2025: autocalls continue to dominate, cap protection gains visibility

06 Nov 2025

South Korea October 2025: autocalls continue to dominate, cap protection gains visibility

Hyundai Motor and Kospi 200 underlyings gain traction for equity-linked bonds (ELBs).

Market Reviews
US September 2025: record territory

31 Oct 2025

US September 2025: record territory

The sales rally has extended, logging a historical monthly high for the US structured notes market. Meanwhile, the best-seller bets on interest rate.

Market Reviews
Germany Q3 2025: demand for full capital protection up

30 Oct 2025

Germany Q3 2025: demand for full capital protection up

Steady volumes amid record issuance and stabilized rates.

Market Reviews
Poland Q3 2025: Santander on top, classic autocalls deliver

29 Oct 2025

Poland Q3 2025: Santander on top, classic autocalls deliver

Santander was the number one distributor in a quarter that saw a high number of redemptions.

Market Reviews
Taiwan Q3 2025: structured notes issuances soar

21 Oct 2025

Taiwan Q3 2025: structured notes issuances soar

Equity basket dominates the structured notes; DBS, BNP Paribas and HSBC led the issuances.

Market Reviews
China September 2025: structured deposits rebound, gold-linked deposit gain traction

16 Oct 2025

China September 2025: structured deposits rebound, gold-linked deposit gain traction

Gold-linked products saw increased momentum in September, while FX rates maintained their dominance.

Market Reviews
Finland Q3 2025: investors go risk on, MS takes over Natixis on issuer ranking

16 Oct 2025

Finland Q3 2025: investors go risk on, MS takes over Natixis on issuer ranking

Acitivity in the Finish market remains stable with a slight growth; non-equity underlyings come to the fore.