Thai market recovers with reshuffled players in 2021

A total of 16,239 structured notes were issued at THB135.9 billion (US$4.2 billion) by a group of 17 banks or securities houses in the country in 2021, according to SRP data. The sales volume represents a 157.4% increase year-on-year (YoY), or up 89.9% from 2019. Krungthai Bank moved from the 13 th place to the top by taking the largest market share at 20.6% (THB28 billion, from 160 products). Ten of its products are jumbo tickets on USD/THB or single indices with a tenor of one to seven years