SCB debuts Thor-linked binary notes

In a first for Thailand, Siam Commercial Bank (SCB) is offering Thai overnight repurchase rate (Thor)-linked binary notes to bet on a limited rise of the interest rate. With a subscription period from 17 October to 20 October, the structured note has a minimum ticket size of THB5m (US$130k) for high-net-worth individuals (HNWIs), as required by Thai regulators. The notes are ideal for those looking to capitalise on the recent trend of gradually rising short-term interest rates -  Sorncha